If a music store were having a buy one,get one free sale,instead of buying two CDs,you bought four.Because of the sale,your consumer surplusA) rose.B) stayed the same.C) declined.

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Giovana Santoro · Accepted Answer

Final Answer : A, Explanation :  Consumer surplus is the difference between the maximum amount a consumer is willing to pay for a product and the actual price they pay. In this case, the consumer was able to buy more CDs than they originally planned for the same price due to the sale. Therefore, their consumer surplus increased as they were able to receive more value for their money.

If a music store were having a "buy one,get one free" sale,instead of buying two CDs,you bought four.Because of the sale,your consumer surplus

A) rose.
B) stayed the same.
C) declined.

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Learning Objectives

Related questions

If a music store were having a "buy one,get one free" sale,instead of buying two CDs,you bought four.Because of the sale,your consumer surplusA) rose.B) stayed the same.C) declined.

Definitions

Learning Objectives

Learning Objectives

Related questions

If a music store were having a "buy one,get one free" sale,instead of buying two CDs,you bought four.Because of the sale,your consumer surplus

A) rose.
B) stayed the same.
C) declined.