The theory of "consumer surplus" really says that when goods are exchanged between seller and buyer, the buyer gains at the expense of the seller.

Question

Quizplus · Accepted Answer

The theory of consumer surplus states that when a buyer is willing to pay more for a product than the actual price, they experience a surplus, which is a benefit to the consumer. It does not necessarily mean that the surplus comes at the expense of the seller, as both parties can benefit from the exchange.

The Theory of "Consumer Surplus" Really Says That When Goods