contestada

Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. After some negotiation, Mister Smith purchased the house for $205,000. Smith's consumer surplus is__________.

Respuesta :

Answer:

$15,000

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price the consumer pays for the product.

= $220,000 - $205,000 = $15,000

I hope my answer helps you

Otras preguntas