Question

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 ___

Answer 1

Answer:

$3

Explanation:

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

$18 -$15= $3

Answer 2

Answer:

$3

Explanation:

$18 - $15 = $3

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