If You Had Been Willing to Pay R21

question 6

Multiple Choice

If you had been willing to pay R21.90 for the litre of milk purchased at the supermarket, but were required to pay only R12.90, you have gained

• A) a refund of R9.00 from the cashier.
• B) a consumer surplus amounting to R9.00.
• C) excess marginal benefit of R21.90.
• D) producer surplus of R9.00.