Consumer surplus is the reason why sometimes a shopper regrets having bought a particular item.

Name: Consumer surplus is the reason why sometimes a shopper regrets having bought a particular item.
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Question

Quizplus · Accepted Answer

Consumer surplus is the extra satisfaction or value that a consumer derives from a purchase, over and above the price paid. If a consumer regrets a purchase, it is because the item did not provide the expected level of satisfaction, not because of consumer surplus.

Consumer Surplus Is the Reason Why Sometimes a Shopper Regrets