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| consumer surplus definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it | 9 sets | |
| 2 | the difference between the maximum amount a person is willing to pay for a good and its current market price. | 6 sets | |
| 3 | the difference between the highest price a consumer is willing to pay and the price the consumer actually pays | 4 sets | |
| 4 | the difference between the maximum price consumers are willing to pay and the price they actually pay. | 3 sets | |
| 5 | a buyer's willingness to pay minus the amount the buyer actually pays | 3 sets | |
| 6 | a buyer's willingness to pay minus the amount the amount the buyer actually pays | 2 sets | |
| 7 | the economic gain of the buyers of a product, as measured by the cumulative reservation prices and the price they actually paid | 2 sets | |
| 8 | the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. | 2 sets | |
| 9 | the difference between the most that consumers are willing and able to pay for a given quantity of a food and what they actually pay | 1 set | |
| 10 | the area below the demand curve but aboce the actual price paid, the difference between the price consumers are willing to pay and the amount they have to pay | 1 set | |
| 11 | difference between market price and what consumers would be willing to pay. it is equal to the area above market price and below the demand curve. | 1 set | |
| 12 | often ued to refer to both individual and total consumer surplus | 1 set | |
| 13 | difference between the max about a buyer is willing to pay for a good and the price actually paid. | 1 set | |
| 14 | difference between payment consumers prepared to pay and actualy price paid. | 1 set | |
| 15 | the result of a consumer being able to buy the product at the equilibrium price when that price is below what the consumer would be willing to pay for the product | 1 set | |
| 16 | the difference between the price consumers are willing to pay and what they actually pay in order to obtain the commodity | 1 set | |
| 17 | difference between what a consumer expected to pay and what they actually pay | 1 set | |
| 18 | difference between what a consumer is prepared to pay and what they actually pay. it is the area below the d curve and above the price paid. | 1 set | |
| 19 | the difference between what consumers would have been willing to pay and what they actually pay. | 1 set | |
| 20 | the value you get that is in excess of what you pay to get it | 1 set | |
| 21 | the monetary difference between what a consumer is willing to pay for the quantity of the good purchased and what the good actually costs; the most widely used measure of consumer welfare; the area under the inverse demand curve and above the price up to the quantity the consumer buys | 1 set | |
| 22 | a buyers willingness to pay minus the amount the buyer actually pays | 1 set | |
| 23 | max amt per unit buyers are willing to pay for a given qty minus amt. actually paid | 1 set | |
| 24 | economic gain of the buyers of a product, as measured by the cumulative difference between their respective reservation prices and the price they actually paid. | 1 set | |
| 25 | what buyers gain | 1 set | |
| 26 | the difference between how much buyers are prepared to pay for a good and that which they actually pay | 1 set | |
| 27 | the value the consumer gets from buying a product less than its price | 1 set | |
| 28 | the benefit surplus received by a consumer or consumers in a market. the difference between the maximum price a consumer is willing to pay for a product and the actual price. | 1 set | |
| 29 | measures the satisfaction consumers receive from a good beyond the amount they must pay to obtain it. | 1 set | |
| 30 | the difference between the maximum amount a person is willing to pay for a good and its current market price | 1 set | |
| 31 | the gain or benefit of the buyer, below demand curve and above the price line | 1 set | |
| 32 | the difference between the total amount consumers are willing and able to pay for a given quantity of a good and what they actually pay | 1 set | |
| 33 | the value the consumer gets from buying a product less its price | 1 set | |
| 34 | the difference between the maximum price a buyer is willing to pay for an additional unit of a product and its market price | 1 set | |
| 35 | the extra amount that a consumer is willing to pay for a product above the price that is actually paid. | 1 set | |
| 36 | willingness to pay minus amount actually paid | 1 set | |
| 37 | the economic gain of the buyers of a product, as measured by teh cumulative difference between their respective reservation prices and the price they actually paid | 1 set | |
| 38 | the difference between the maximum that a consumer would be willing to pay for a unit of a good and the amount that they actually | 1 set | |
| 39 | the difference between the maximum price a consumer is willing to pay for a product and the actual price | 1 set | |
| 40 | difference between what consumers are willing to pay and what they actually pay | 1 set | |