Consumer Surplus definition

Can someone help me in finding out the right answer from the given options. The basic difference between the dollar amounts people would willingly to pay for a particular quantity of a good and the amounts that they do pay at a particular market price is termed as: (1) Buffer zone. (2) Offsetting the variation. (3) Consumer surplus. (4) Exploitation factor. (5) Compensation requirement.

View Complete Question

Related Questions in Macroeconomics

Q : Calculating National Income Let suppose

Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.

Q : Illustration of arbitrage The

The illustration of arbitrage takes place when: (1) Enterprising students purchase used textbooks much cheaply on E-Bay and sell them to another students at lower prices than bookstore charges. (2) Ivan purchases a stock when it is cheap and sells it

Q : Explain Product Market Equilibrium. To

To begin with, let us recall our three-sector product-market equilibrium model given as C + I + G = C + S + TTo this three-sector model, we now add the foreign trade-the exports (X) and imports

Q : Methods that FED can use to make money

What are the four methods that FED can use to make money? What are the most powerful one and what technique the FED to create a gradual easing of the money supply either created or destroyed most seldom uses?

Q : Closed economy Hello. I need help with

Hello. I need help with my assignment, I was sick and lost alot of time.My submission deadline is tomorrow i need your help i have attached the questions Thanks in advance

Q : Unemployment (a) Do you think that

(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?

Q : Project Include graphs and should be 15

Include graphs and should be 15 pages long

Q : Problem on promotion When Sam Sleaze

When Sam Sleaze sells Terry Tone-deaf a low-quality stereo by promotion as the "top of the line", there is a trouble of: (1) Moral hazard. (2) Irrational ignorance. (3) Adverse choice. (4) Paradox of value. Can someone help me in g

Q : Origin of scarcity problem for each

Can anybody suggest me the proper explanation for given problem regarding problem of scarcity in economics generally. The problem of scarcity means that the origin for each economic activity is to: (v) facilitate s

Q : Domestic inflation of fixed or managed

Question: A county with a fixed or managed exchange rate would consider i.___________________ its currency if the country is worried about domestic inflation. ii. Briefly Explain?

Discover Q & A

Leading Solution Library

Avail More Than 1419678 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1955265
Asked

3,689

Active Tutors

1419678

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment