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. Gonorrhea - a common, curable STD. That bitch gave me the gons! See gons, knob cheese 2. a gons is a dumb faggot who has an obsessio..
1. Acronym: Whore, Ass, Bitch, Slut. For any particularly disgusting individual. Related to the infamous sreyaism. She wears such tight ..
1. A clontarf is a feminized liberal male douchebag; a know-it-all phloomwho has to have the last word in every conversation; a guy who use..