consumer surplus

Questions

What does consumer surplus mean?

The satisfaction that a consumer gets from the price they paid compared to what they were willing to pay over and above the current price, i.e. the difference between what they paid and what they were willing to pay.

How to pronounce consumer surplus

1. Open the pronunciation page — Open the Speakur entry for “consumer surplus”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “consumer surplus”.
4. Repeat and practice — Say “consumer surplus” aloud, matching stress and vowels until it feels natural.