One can determine the consumers’ surplus if the _______________ are known tax paid maximum buying price price paid maximum buying price and price paid maximum buying price and tax paid
The answer to this question is: Maximum buying price and Price paid Maximum buying price refers to the largest amont that consumers are willing to pay to obtain a certain product. Price refers to the total resource that the consumers have spent to obtain a certain product. Comparing this two factors will result in the amount that indicates the consumer's surplus
