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Suppose Monique is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her economic ______ would be ______.

Respuesta :

Because Monique is willing to pay $12,000 for the pick-up truck, her economic surplus would be $3,000 if she buys for that amount instead of $15,000.

What is an economic surplus?

This refers to the gain obtained by a buyer after they purchase a product for a price that is less than the initial price.

Hence, the word "surplus" and "$3,000" is correct.

Read more about economic surplus

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