Consumer surplus equals the:
A)value to buyers less the amount paid by buyers
B)amount received by sellers less the costs of sellers
C)value to buyers plus the amount paid by buyers
D)amount received by sellers plus the costs of sellers

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the value that buyers place on a good or service and the amount that they actually pay for it. This means that it is the value to buyers (or what they are willing to pay) minus the amount paid by buyers (or the market price).

Consumer Surplus Equals The