Which would be the most accurate statement?
A)No one enjoys a consumer surplus.
B)We enjoy a consumer surplus on many goods and services.
C)We enjoy a consumer surplus on all goods and services.

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 market price. In many cases, consumers are able to purchase goods and services at prices lower than their willingness to pay, resulting in a consumer surplus. While there may be some goods or services that do not provide a consumer surplus, it is not accurate to say that no one enjoys a consumer surplus. Therefore, option B is the most accurate statement.

Which Would Be the Most Accurate Statement