Consumer surplus
A)is the amount of a good that a consumer can buy at a price below equilibrium price.
B)is the difference between the amount that a consumer actually pays for a good and the amount that the consumer is willing to pay for the good.
C)is the number of consumers who are excluded from a market because of scarcity.
D)measures how much a buyer values a good.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the amount a consumer is willing to pay for a good and the amount they actually pay for it. It measures the value a buyer places on a good and represents the net benefit the buyer receives from the exchange.

Consumer Surplus