What is the outcome if you pay a price exactly equal to your willingness to pay
A)Your consumer surplus is negative.
B)Your willingness to pay is less than your consumer surplus.
C)Your consumer surplus is zero.
D)Your consumer surplus is one.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price they pay. If you pay a price exactly equal to your willingness to pay, then your consumer surplus would be zero because you are neither gaining nor losing any value from the transaction.

What Is the Outcome If You Pay a Price Exactly