If you pay a price exactly equal to your willingness to pay, then:
A)your willingness to pay is less than your 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 your willingness to pay and the price you actually pay. If you pay a price exactly equal to your willingness to pay, then your consumer surplus would be zero, and therefore you have no consumer surplus.

If You Pay a Price Exactly Equal to Your Willingness