10 If you pay a price exactly equal to your willingness to p

10. If you pay a price exactly equal to your willingness to pay, then: A. yó ur willingness to pay is less than your consumer surplus your consumer surplus is negative you have no consumer surplus you place little value on the good C. D.

Solution

Answer is C. You have no consumer surplus.

Explanation: Consumer surplus is the difference between the price consumer is willing to pay and the price actually paid. Here, both the prices are equal and no consumer surplus.