Answer:
The consumer surplus shows the welfare which buyers receive in a result of consumption of goods and services. It indicates that people are willing to pay more for the particular good or service than the market price.
Step-by-step explanation:
Consumer surplus is a measure of the welfare that people gain from consuming goods and services. Consumer surplus is defined as the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price).