A the difference between the maximum amount a person is


By consumer surplus, economists mean:

a) the difference between the maximum amount a person is willing to pay for a good and its market price.

b) household saving Y-T-C.

c) the area inside the budget line.

d) the area between the average revenue and marginal revenue curves.

Solution Preview :

Prepared by a verified Expert
Macroeconomics: A the difference between the maximum amount a person is
Reference No:- TGS01385894

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)