If the price a consumer pays for a product is equal to a consumer's willingness to pay, then the consumer surplus relevant to that purchase is
A)zero.
B)negative, and the consumer would not purchase the product.
C)positive, and the consumer would purchase the product.
D)There is not enough information given to answer this question.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what a consumer is willing to pay and what the consumer actually pays. If these two amounts are equal, the consumer surplus is zero.

If the Price a Consumer Pays for a Product Is