Question

Consumer surplus is A. a buyer's willingness to pay for a good plus the price of the good. B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. C. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Answer 1

B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Step-by-step explanation:

a consumer surplus is the amount that exceeds the amount that a consumer actually pays for a product and the amount they are willing to pay