dianahg dianahg
  • 22-01-2021
  • Business
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what is consumer surplus​

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anglelife07
anglelife07 anglelife07
  • 22-01-2021

Explanation:

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In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus, refers to two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained .

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JjuukoJoy
JjuukoJoy JjuukoJoy
  • 22-01-2021

Answer:

Consumer surplus is defined as the difference between the consumers' willingness to pay for commodity and the actual price paid by them , or the equilibrium price .

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