Consumers' willingness to pay for a good minus the amount they actually pay for it equals

Question

Quizplus · Accepted Answer

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 end up paying. It represents the benefit or value that consumers receive beyond what they paid for. Therefore, A is the correct choice. B, C, and D do not accurately reflect this concept.

Consumers' Willingness to Pay for a Good Minus the Amount