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Author Question: What is consumer surplus? How is it measured? What will be an ideal ... (Read 53 times)

naturalchemist

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on: Jun 29, 2018
What is consumer surplus? How is it measured?
 
  What will be an ideal response?

Question 2

The FOMC no longer sets targets for M1 and M2 to meet its goals of price stability and high employment.
 
  Indicate whether the statement is true or false


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Gabe

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Consumer surplus is the excess of the benefit received from a good over the amount paid for it. The total consumer surplus is the sum of the consumer surpluses on all the units purchased. It is measured as the area under the demand curve and above the price.

Answer to Question 2

TRUE


naturalchemist

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Reply #2 on: Jun 29, 2018
Thank you


Gabe

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Reply #3 on: Jun 29, 2018
No problemo


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