Question

Consumer surplus is the difference between the ___ price a consumer is willing to pay for a product and the price paid.

Answer 1

Consumer surplus is the difference between the highest price a consumer is willing to pay for a product and the price paid.

A consumer is someone or a group who intends to order, orders, or uses purchased goods, products, or services basically for private, social, family, household and comparable desires, not at once related to entrepreneurial or business sports.

Any individual who purchases services or products for his non-public use and no longer for manufacturing or resale is called a purchaser. A customer is one who's the selection-maker whether or now not to buy an object at the store or a person who is stimulated by using advertisement and advertising

Purchasers represent the top trophic levels. unlike manufacturers, they cannot make their own meals.

Learn more about Consumers here:brainly.com/question/380037
#SPJ4