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Aug 22 '19 at 14:54 comment added Adam Bailey +1 This is a good explanation of consumer surplus for a case in which each consumer buys at most one item (or unit of the good), but the price they are willing to pay differs. It should be noted however that consumer surplus can also arise, even for consumers with identical willingness to pay, if the number of items each is willing to pay for is greater when the price is lower - say 1 item each at price \$12, 2 at \$10, 3 at \$8.
Aug 22 '19 at 8:57 history answered Art CC BY-SA 4.0