In most markets consumer surplus:
A)reflects economic wellbeing
B)reflects the total value that buyers place on goods or services
C)reflects the benefit to buyers mandated by government
D)all of the above are correct

Question

Quizplus · Accepted Answer

Consumer surplus reflects economic wellbeing as it measures the difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the benefit to consumers.

In Most Markets Consumer Surplus