If a seller charges a buyer the exact price the buyer is willing to pay,then the buyer would
A) not buy the good.
B) receive the maximum consumer surplus.
C) receive no benefit from the good.
D) receive no consumer surplus from that unit of the good.
E) suffer a deadweight loss from buying the good.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a buyer is willing to pay for a good and the actual price paid. If the seller charges the exact price that the buyer is willing to pay, then the consumer surplus for that unit of the good is zero. So the buyer would receive no consumer surplus from that unit of the good.

If a Seller Charges a Buyer the Exact Price the Buyer