Consumer's surplus is:
A)the difference between what one would pay and what one does pay.
B)the total gains from exchange.
C)the total expenditure.
D)equal to the profit derived by the consumer.

Question

Quizplus · Accepted Answer

Consumer's surplus is the difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay. In other words, it is the monetary gain the consumer experiences from a transaction. Therefore, Option A is the correct answer.

Consumer's Surplus Is