_____ surplus is the buyer's gain from a purchase.

Name: _____ surplus is the buyer's gain from a purchase.
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Consumer surplus is the difference between the highest price a consumer is willing to pay for a good or service and the actual price they do pay. It represents the benefit or gain that consumers receive when they are able to purchase a product for less than the maximum price they are willing to pay.

_____ Surplus Is the Buyer's Gain from a Purchase