Solved

If You Had Been Willing to Pay €2

Question 4

Multiple Choice

If you had been willing to pay €2.19 for the litre of milk purchased at the supermarket but were required to pay only €1.29, you have gained


A) a refund of €0.90 from the cashier.
B) a consumer surplus amounting to €0.90.
C) excess marginal benefit of €2.19.
D) producer surplus of €0.90.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents