Consumer surplus is the:
A)quantity of a good consumers get free
B)amount a consumer has to pay less the amount the consumer was willing to pay
C)amount a consumer is willing to pay less the amount the consumer actually pays
D)total value of a good to a consumer

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the amount a consumer is willing to pay for a good or service and the actual price they pay for it. This measures the value that consumers receive beyond what they actually pay. Therefore, choice C is the correct answer.

Consumer Surplus Is The