The difference between the maximum price consumers are willing and able to pay for a good or a service and the price they actually pay is the consumer.

Customer surplus, also known as the market price or the price consumers actually pay for a good, is the discrepancy between the highest price a consumer is prepared to pay and the amount they really do pay.

Is the gap between the highest price that customers will spend and the lower equilibrium price?

Consumer surplus A. is the difference between the higher equilibrium price and the highest price consumers are willing to pay for a good.

Is defined as the difference between the asking price for a product and the highest price the consumer is willing to pay.

The difference between the highest price a consumer would be willing to pay for a product and the lower amount they actually paid is known as the consumer surplus. A producer's surplus is the difference between the lowest price they will accept for a good and the higher price they actually get.

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