Refer to the table The Market Demand for Running Shoes. What is the consumer surplus of the first consumer who is willing to buy running shoes at a price of $50 but pays only $30?

A) zero
B) $20
C) $30
D) $80

Question

Refer to the table The Market Demand for Running Shoes. What is the consumer surplus of the first consumer who is willing to buy running shoes at a price of $50 but pays only $30?
​

A) zero 
B) $20 
C) $30 
D) $80

Quizplus · Accepted Answer

The Answer of Refer to the table The Market Demand for Running Shoes. What is the consumer surplus of the first consumer who is willing to buy running shoes at a price of $50 but pays only $30?
​

A) zero 
B) $20 
C) $30 
D) $80

Refer to the Table the Market Demand for Running Shoes