If you pay a price exactly equal to your willingness to pay, then:
A) you have little consumer surplus
B). your consumer surplus is negative
C) you have no consumer surplus
D) you place little value on the good

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the highest price you're willing to pay and the actual price you pay. If you pay a price exactly equal to your willingness to pay, then there is no difference, and hence no consumer surplus.

If You Pay a Price Exactly Equal to Your Willingness