CA Foundation Exam  >  CA Foundation Questions  >  Consumer Surplus is:a)What a consumer is read... Start Learning for Free
Consumer Surplus is:
  • a)
    What a consumer is ready to pay + what he actually pays
  • b)
    What a consumer is ready to pay – what he actually pays
  • c)
    What he actually pays – what a consumer is ready to pay
  • d)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consumer Surplus is:a)What a consumer is ready to pay + what he actual...
C)The difference between what a consumer is willing to pay for a good or service and what they actually pay for it.
Free Test
Community Answer
Consumer Surplus is:a)What a consumer is ready to pay + what he actual...
The concept of consumer surplus is correctly described by option 2: "What a consumer is ready to pay – what he actually pays." This is the standard definition of consumer surplus in economics, as it measures the difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually do pay. This definition is supported by standard textbooks on microeconomics, which explain consumer surplus as the extra benefit consumers receive when they pay less for a product than what they were willing to pay.
Explore Courses for CA Foundation exam
Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consumer Surplus is:a)What a consumer is ready to pay + what he actually paysb)What a consumer is ready to pay – what he actually paysc)What he actually pays – what a consumer is ready to payd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev