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Read the section from the Analects (see Textbook: Sources from the Past: Confucius on Good Government).How do these quotes relate to basic Confucian notions such as ren,li,and junzi?
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Consumer Surplus
The discrepancy between what consumers are prepared and capable of paying for a product or service compared to what they end up spending.
Willingness to Pay
The maximum amount a buyer is prepared to spend on a good or service, reflecting the value they derive from it.
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.
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