Meaning CONSUMERS' SURPLUS
What does CONSUMERS' SURPLUS mean? Here you find 2 meanings of the word CONSUMERS' SURPLUS. You can also add a definition of CONSUMERS' SURPLUS yourself

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CONSUMERS' SURPLUS


Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a dema [..]
Source: stats.oecd.org

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CONSUMERS' SURPLUS


The difference between the maximum price that consumers are willing to pay and the lower amount they actually pay.
Source: ama.org




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