CA Foundation doubt
What is consumer surplus
Asked by Prahlad7 Sept 2024382 views
2 answers
Anushree · 8 Sept 2024
For example:-agar hum product buy krne market jte h toh apna badget hota h agar mera badget 2000 aur mujhe woh product 1500 mai mil jati h toh wohi product willingness to pay price actually paid price =2000-1500 = 500 it's called consumer surplus
Anushree · 8 Sept 2024
Consumer surplus happens when the price that consumers pay for a product or service is less than the price to they're willing to pay
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