Gayle decides that she would pay as much as $900 for a new laptop computer.She buys the computer and realises a consumer surplus of $600.How much did Gayle pay for her computer?

Question

Quizplus · Accepted Answer

Gayle paid $300 for her computer because consumer surplus is the difference between what a consumer is willing to pay ($900) and what the consumer actually pays ($300), resulting in a surplus of $600.

Gayle Decides That She Would Pay as Much as $900