Dale is willing to pay $300 for a pair of rollerblades,and he purchases them on sale for $200.His consumer surplus is valued at _____

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum amount a consumer is willing to pay for a product and the actual price paid. In this case, Dale was willing to pay $300 for the rollerblades but only paid $200 on sale. Therefore, his consumer surplus is $300 - $200 = $100. So, the correct answer is C.

Dale Is Willing to Pay $300 for a Pair of Rollerblades,and