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What is a consumer's incentive to purchase equal to?

1 Answer

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Final answer:

The consumer's incentive to purchase is equal to the consumer surplus.

Step-by-step explanation:

Consumer's incentive to purchase is equal to the consumer surplus. Consumer surplus is the difference between what a consumer is willing to pay for a product and what they actually pay. It represents the benefit that consumers receive beyond what they have to pay, and it is calculated by subtracting the price consumers actually pay from the price they were willing to pay.

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