What is the consumer surplus, Microeconomics

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What is the consumer surplus

Problem: A reservation price is the maximum willingness to pay for a good that most people buy one unit of, like cars or computers. Assume that Kayla's reservation price for one widget is $30. Draw her demand function for widgets. What is her consumer surplus when the price of one widget is $12?

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Microeconomics: What is the consumer surplus

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Microeconomics: What is the consumer surplus

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