Consumer surplus measures the value between the price consumers are willing to pay and the:
A) producer surplus price.
B) deadweight gain price.
C) actual price paid.
D) preference price.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and the actual price paid. Therefore, the correct choice is C - actual price paid.

Consumer Surplus Measures the Value Between the Price Consumers Are