Figure 6.2

-Refer to Figure 6.2.If the price of a DVD rental is $6.00,consumer surplus will be $________ each week.

Name: Figure 6.2 -Refer to Figure 6.2.If the price of a DVD rental is $6.00,consumer surplus will be $________ each week.
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Question

Figure 6.2
 
-Refer to Figure 6.2.If the price of a DVD rental is $6.00,consumer surplus will be $________ each week.

Quizplus · Accepted Answer

Consumer surplus is the difference between the price consumers are willing to pay for a good and the price they actually pay. In this case, consumers are willing to pay $8.00 for a DVD rental, but they only have to pay $6.00. Therefore, consumer surplus is $2.00.

Figure 6.2 -Refer to Figure 6.2.If the Price of a DVD Rental