In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...

Learn the difference between consumer surplus and economic surplus, how the concepts are related, and the important ...

There is an enormous amount of literature in which the concept and application of consumer's surplus (C.S.) are discussed. It is the aim of this paper to attempt to clarify the concept by discussing a ...