Define and Discuss on Consumer Surplus

General objective of this article is to Define and Discuss on Consumer Surplus. Here analysis Consumer Surplus in economic perspective. Here explain Consumer Surplus with proper example and calculation. The difference between the maximum price that consumers are willing to pay for a good as well as the market price that they actually pay for a good is known as the consumer surplus. The resolve of consumer surplus can be illustrated in Figure, which depicts this market demand curve for a quality.