If Debbye is willing to pay $50 for a pair of shoes but only has to pay $20 because the shoes are on sale, then her consumer surplus on that pair of shoes is
A)$50
B)$20
C)$70
D)$30
E)$25

Question

Quizplus · Accepted Answer

Debbye's consumer surplus is the difference between what she is willing to pay ($50) and what she actually pays ($20), so it is $50 - $20 = $30. Therefore, the correct answer is D.

If Debbye Is Willing to Pay $50 for a Pair