What is consumer surplus?
1 )
the difference between the cost of producing a good and what consumers would be willing to pay for it
2 )
the difference between what consumers actually pay for a good and its cost of production
the difference between what consumers actually pay for a good and the maximum amount they would be willing to pay for it
4 )
the difference between what consumers are willing to pay for a good and the amount required by producers to supply the good
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