Consumer surplus is the A. value of a good expressed in dollars. B. price of a good expressed in dollars. C. value of a good minus the price paid for it summed over the quantity bought. D. value of a good plus the price paid for it summed over the quantity bought.
Added by Roberto R.
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It is calculated as the difference between the value that consumers place on the good (marginal benefit) and the price they actually pay for it. Show more…
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