consumer's surplus

noun

variants or less commonly consumer's rent
: the amount above the actual price of a commodity a purchaser would pay in order not to go without the commodity

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Cite this Entry

“Consumer's surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%27s%20surplus. Accessed 25 Feb. 2024.

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