Consumer surplus is
A)the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
B)the amount a buyer is willing to pay for a good minus the cost of producing the good.
C)the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.
D)a buyer's willingness to pay for a good plus the price of the good.

Question

Quizplus · Accepted Answer

Consumer surplus is defined as the difference between what a consumer is willing to pay for a good and what they actually pay for it. Therefore, choice A is the correct answer.

Consumer Surplus Is