Which best describes consumer surplus ?

A. The cost of providing a unit

B. The price consumers are willing to pray for a unit

C. The difference the price a consumer pays for an item and the price he/she is willing to pay

D. The profits made by a firm

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.