Suppose Debbie is willing to pay $50 for a pair of shoes but actually paid $20 because the shoes are on sale.Her consumer surplus is _____

Name: Suppose Debbie is willing to pay $50 for a pair of shoes but actually paid $20 because the shoes are on sale.Her consumer surplus is _____
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Debbie's consumer surplus is the difference between what she was willing to pay ($50) and what she actually paid ($20), so her consumer surplus is $30. Therefore, the correct answer is D) $30.00.

Suppose Debbie Is Willing to Pay $50 for a Pair