Consumer surplus is the cumulative difference between:
A)consumers' incomes and consumers' expenditures.
B)the amount consumers are willing to pay and the price they actually pay.
C)the suggested retail price and the price consumers actually pay.
D)consumers' savings and consumers' expenditures.

Question

Quizplus · Accepted Answer

Consumer surplus measures the cumulative difference between the price consumers are willing to pay and the price actually pay.

Consumer Surplus Is the Cumulative Difference Between