Consumer surplus is the
A) value of a good expressed in dollars.
B) price of a good expressed in dollars.
C) value of a good minus the price paid for it summed over the quantity bought.
D) value of a good plus the price paid for it summed over the quantity bought.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the total value that consumers place on a good and the total amount they actually pay for it, summed over the quantity bought.

Consumer Surplus Is the