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.

Question

Quizplus · Accepted Answer

Consumer surplus measures the difference between the maximum price a consumer is willing to pay and the price actually paid. This represents the benefit or surplus that the consumer receives from purchasing the good or service at a price lower than what they are willing to pay.

Consumer Surplus Measures