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At a used book store , Kathy paid $15 to buy a used book for which she was willing to pay $18.If a new book costs $37,Kathy’s consumer surplus is ___
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At a used book store , Kathy paid $15 to buy a used book for which she was willing to pay $18.If a new book costs $37,Kathy’s consumer surplus is ___

User Voxobscuro
by
6.7k points

2 Answers

5 votes

Answer:

$3

Step-by-step explanation:

$18 - $15 = $3

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User Mtyson
by
7.0k points
4 votes

Answer:

$3

Step-by-step explanation:

  • Consumer Surplus is the difference between the price that consumers pay and the price that they are willing to pay.

$18 -$15= $3

User Chuck Reynolds
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6.0k points
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