Consumer surplus is the difference between the minimum amount a person would be willing to pay for a good and the amount the person actually paid.

Name: Consumer surplus is the difference between the minimum amount a person would be willing to pay for a good and the amount the person actually paid.
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Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and the amount the person actually paid.

Consumer Surplus Is the Difference Between the Minimum Amount a Person