Rosa is willing to pay $200 for the iPhone,but the actual price is $400.This means
A)Rosa will enjoy a consumer surplus of $200 if she buys the iPhone.
B)Rosa will not enjoy any consumer surplus from purchasing the iPhone.
C)Rosa will buy this product.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what a consumer is willing to pay and what they actually pay. Since Rosa is willing to pay $200 but the price is $400, she will not enjoy any consumer surplus if she buys the iPhone.

Rosa Is Willing to Pay $200 for the IPhone,but the Actual