Consumer surplus is a. the difference between the highest price a consumer is willing to pay and marginal benefit. b. the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept. c. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. d. the difference between the lowest price a firm would be willing to accept and the price it actually receives. e. the highest price a consumer is willing to pay to consume a good or service. how does consumer surplus change as the equilibrium price of a good rises or falls?
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