Cameron visits a sporting goods store to buy a new set of golf clubs.He is willing to pay $1200 for the clubs,but buys them on sale for $900.What is Cameron's consumer surplus from the purchase
A)$175
B)$300
C)$575
D)$900

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what a consumer is willing to pay and what they actually pay. Cameron was willing to pay $1200 but paid $900, so his consumer surplus is $1200 - $900 = $300.

Cameron Visits a Sporting Goods Store to Buy a New