In our everyday lives as consumers we purchase many goods and services, and we derive consumers’ surplus for most of them. With that in mind, please:
Identify 3 goods or services you have purchased in the last year, and estimate the amount of consumer surplus you enjoy from those purchases. For each good, please state specifically:
The highest amount you would have been willing to pay.
The price you actually paid.
The amount of consumers surplus you received from each item.
You should have 3 short paragraphs, one for each good. Do not use a chart, please use words.
Sample Solution
