consumer surplus

Popular Terms
In economics, the satisfaction (utility) consumers receive for which they do not have to pay for. Or, in other words, amount of money by which consumers value a good or service over and above its purchase price.

Use 'consumer surplus' in a Sentence

In economics, before we learned about supply and demand, we learned about consumer surplus and how it effected the marketplace.
17 people found this helpful
Some people will feel that there is a consumer surplus for certain products they buy that will keep them coming back.
16 people found this helpful
If there is a consumer surplus then it is time to put out even more of your product to take advantage of the times.
15 people found this helpful

Email Print Embed