Question

dafine consumer surplus?​

Answer 1

Answer:

Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price. ... It is positive when what the consumer is willing to pay for the commodity is greater than the actual price.

Explanation:

...

Answer 2

Answer:

consumer surplus is defined as the difference between the consumer's willingness to pay for a commodity and the actual price paid by them , or the equilibrium price .

Description : - total social surplus is compost of consumer surplus and producer surplus.

Explanation:

hope this helps you...