Suppose I am willing to pay $300 for a pair of Rollerblades and I purchase them on sale for $200.My consumer surplus is

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a consumer is willing to pay and the actual price they pay. In this case, the maximum price the consumer is willing to pay is $300 and the actual price paid is $200. Therefore, the consumer surplus is $100 (300-200). The other answer choices are incorrect as they do not reflect the calculation of consumer surplus.

Suppose I Am Willing to Pay $300 for a Pair