Respuesta :
kelly is willing to pay $68 for a pair of shoes for a wedding. she finds a pair at her favorite outlet shoe store for $58. kelly's consumer surplus is $10.
Consumer surplus = Market price of goods - Price at the consumer bought the goods
= 68-58
= 10
The price a consumer actually pays for something against the amount he or she is willing to pay for it is known as the consumer surplus.
Consumer surplus, which serves as a gauge of consumer welfare, is the difference between a product's social value and its actual purchase price. The area of a triangle below a demand curve and above the observed price is used to calculate it.
Consumer surplus measures the benefit or gain that consumers derive from their purchases of goods and services. Small firms should take consumer surplus into account since customers who receive substantial value from their purchases are more inclined to do so again in the future.
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