A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2017 · Q121 Mark
What is meant by consumer surplus?
Athe amount of money that remains after consumers have made their purchases
Bthe difference between how much a consumer is willing to pay for a good and the amount paid
Cthe difference between the amount of a good that's bought by a consumer and the amount consumed
Dthe difference between the price paid for a good and the cost of producing it
✓ Correct answer
B: the difference between how much a consumer is willing to pay for a good and the amount paid
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