A consumer's surplus is her:
A)benefit from paying the market price for a good.
B)bank balance.
C)contribution to a seller's profit.
D)marginal utility.

Question

Quizplus · Accepted Answer

Consumer's surplus is the difference between the maximum amount a consumer is willing to pay for a good and the actual price she pays. It represents the benefit or extra value received by the consumer from the transaction.

A Consumer's Surplus Is Her