Consumer surplus
Economics
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Consumer surplus is the economic measure of the benefit that consumers receive when they are able to purchase a good or service for a price less than they would have been willing to pay.
It is calculated as the difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.
For example, if you are willing to pay $10 for a coffee but only have to pay $4, your consumer surplus for that coffee is $6.
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