The difference between the maximum amount a person is willing to pay for a good and its current market price is the consumer surplus.

Name: The difference between the maximum amount a person is willing to pay for a good and its current market price is the consumer surplus.
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Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, reflecting the benefit they receive from purchasing at the market price.

The Difference Between the Maximum Amount a Person Is Willing