๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      The difference between value in use and value in

      exchange is:
      A Consumer surplus Correct Answer Incorrect Answer
      B Marketing surplus Correct Answer Incorrect Answer
      C Farm production Correct Answer Incorrect Answer
      D None of these Correct Answer Incorrect Answer

      Solution

      Consumer surplus, also called social surplus in economics,ย the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it.

      Practice Next
      ask-question