The greater the consumer surplus,the lower the value for the money the consumer gets.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay. A higher consumer surplus means that consumers are getting more value for their money because they are able to purchase the good or service for less than what they would be willing to pay. Therefore, the statement is false.

The Greater the Consumer Surplus,the Lower the Value for the Money