Consumer surplus measures
A)The difference between the maximum price a consumer is willing to pay and the price actually paid.
B)The difference between the minimum price a consumer is willing to pay and the price actually paid.
C)The difference between the amounts of a good a consumer is willing to pay,and how much of the good is available for sale.
D)The sum of all of the marginal utilities for that good

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price actually paid. This measures the consumer's net benefit from purchasing the good at the given price.

Consumer Surplus Measures