Consumer Surplus

What is Consumer Surplus?


1.

an economic term for the benefit you get (or retain) when you obtain something for less than you think it is really worth.

I got a new Gizmondo for 100 pounds and I would have paid up to 200 so I had a lot of consumer surplus.

That company has a monopoly so they jack up the prices to erode my consumer surplus.


0

Random Words:

1. A derogatory slur against a Sicilian. These God damn ginzos are so dark you would think they work in a coal mine. See Mario 2. An in..
1. A person who likes to bother people with aggression and passion so deep, it makes you want to drop a nuclear bomb on their ass. Steve: ..
1. when you fart, lift gently toward the nose of the person(s) surrounding you so they can further enjoy the aroma that has disseminated fr..