If two people had identical demand curves, but one was able to purchase at a lower price than the other, the one facing the lower price would receive more consumer surplus.

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. Since the two people have identical demand curves, their maximum willingness to pay is the same. However, if one is able to purchase at a lower price, they will receive more consumer surplus than the other person who pays a higher price for the same good. Thus, option A is correct.

If Two People Had Identical Demand Curves, but One Was