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When does consumer surplus occur in a market?
  • a)
    When consumers are willing to pay more for a product than the market price.
  • b)
    When consumers are not willing to pay anything for a product.
  • c)
    When consumers pay the exact price they are willing to for a product.
  • d)
    Consumer surplus never occurs in a market.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
When does consumer surplus occur in a market?a)When consumers are will...
Consumer surplus occurs in a market when consumers are willing to pay more for a product than the market price. It represents the additional value or benefit that consumers receive when they can purchase a product at a price lower than what they are willing to pay.
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When does consumer surplus occur in a market?a)When consumers are willing to pay more for a product than the market price.b)When consumers are not willing to pay anything for a product.c)When consumers pay the exact price they are willing to for a product.d)Consumer surplus never occurs in a market.Correct answer is option 'A'. Can you explain this answer?
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When does consumer surplus occur in a market?a)When consumers are willing to pay more for a product than the market price.b)When consumers are not willing to pay anything for a product.c)When consumers pay the exact price they are willing to for a product.d)Consumer surplus never occurs in a market.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When does consumer surplus occur in a market?a)When consumers are willing to pay more for a product than the market price.b)When consumers are not willing to pay anything for a product.c)When consumers pay the exact price they are willing to for a product.d)Consumer surplus never occurs in a market.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When does consumer surplus occur in a market?a)When consumers are willing to pay more for a product than the market price.b)When consumers are not willing to pay anything for a product.c)When consumers pay the exact price they are willing to for a product.d)Consumer surplus never occurs in a market.Correct answer is option 'A'. Can you explain this answer?.
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