Business, 12.10.2019 17:00 krrrr

Which of the following is an accurate description of how consumer surplus is measured? choose one of the following.

consumer surplus is the difference between the amount the consumer is willing to pay and the lowest price charged for the good or service.

consumer surplus is the difference between the equilibrium price and the highest price of the good or service.

consumer surplus is the difference between the equilibrium price and the lowest price of the good or service.

consumer surplus is the difference between the amount the consumer is willing to pay and the equilibrium price charged for the good or service

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Which of the following is an accurate description of how consumer surplus is measured? choose one...

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