consumer surplus
consumer surplus · consumer surpluses
The satisfaction that a consumer gets from the price they paid compared to what they…The satisfaction that a consumer gets from the price they paid compared to what they were willing to pay over and above the current price, i.e. the difference between what they paid and what they were willing to pay.
Meaning
1 sensesThe satisfaction that a consumer gets from the price they paid compared to what they were willing to pay over and above the current price, i.e. the difference between what they paid and what they were willing to pay.
Forms
plural: consumer surpluses| Singular | consumer surplus |
|---|---|
| Plural | consumer surpluses |
regular