Consumer surplus is the additional amount that consumers have to pay if they really need a particular product.

Name: Consumer surplus is the additional amount that consumers have to pay if they really need a particular product.
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Question

Quizplus · Accepted Answer

Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit they receive from purchasing at a lower price.

Consumer Surplus Is the Additional Amount That Consumers Have to Pay