Consumer Surplus

What is Consumer Surplus?

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.

Cuising

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Vanqd

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Consumer Surplus Edit Meaning