Consumer surplus is
A) the difference between the maximum a person is willing to pay and current market price.
B) the difference between current market price and full costs of production for the firm.
C) the difference between the maximum a person is willing to pay and full costs of productions for the firm.
D) current market price.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and the actual market price they pay.

Consumer Surplus Is