Some customers get a consumer surplus because they would be willing to pay more than the market price.

Name: Some customers get a consumer surplus because they would be willing to pay more than the market price.
Brand: Quizplus
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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 market price they pay. Therefore, if a customer is willing to pay more than the market price, they will receive a consumer surplus.

Some Customers Get a Consumer Surplus Because They Would Be