[Solved] The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called

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Q.	The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called
A.	Consumer's Surplus
B.	Producer's Surplus
C.	Landlord's Surplus
D.	Worker's Surplus
Answer» A. Consumer's Surplus
Explanation: Consumer surplus is the difference between the maximum price a consumer is willing to pay and the actual price they do pay. If a consumer would be willing to pay more than the current asking price, then they are getting more benefit from the purchased product than they spent to buy it.

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