consumer surplus

noun

The satisfaction that a consumer gets from the price they paid compared to what they were willing to pay over and above the current price, i.e. the difference between what they paid and what they were willing to pay.

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Meanings

noun
  1. economicsThe satisfaction that a consumer gets from the price they paid compared to what they were willing to pay over and above the current price, i.e. the difference between what they paid and what they were willing to pay.
Cite this entry
APA

consumer surplus. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/consumer%20surplus

MLA

“consumer surplus.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/consumer%20surplus. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “consumer surplus,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/consumer%20surplus.

Source: consumer surplus on Wiktionary, CC BY-SA 4.0.