You are willing to spend $30 to purchase a book, but find a copy on Amazon...
Homework Answers
Consumer surplus is the difference between the amount a consumer is willing to spend to buy a good and the actual amount spend to get that good.
Here, consumer is wiilwil to pay $30 for a book but actually get a book for $20 from Amazon.
Consumer surplus = $30 - $20.
Consumer surplus = $10.
So, the correct answer is an option (b).
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