A buyer's consumer surplus on a unit of a good is its value to that buyer minus what the buyer actually pays for it.

Name: A buyer's consumer surplus on a unit of a good is its value to that buyer minus what the buyer actually pays for it.
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This is the definition of consumer surplus. It represents the benefit a buyer receives from purchasing a good at a price lower than what they would have been willing to pay.

A Buyer's Consumer Surplus on a Unit of a Good