[Solved] Which best describes consumer surplus?

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Q.	Which best describes consumer surplus?
A.	the price consumers are willing to pay for a unit
B.	the cost of providing a unit
C.	the profits made by a firm
D.	the difference between the price a consumer pays for an item and the price he/she is willing to pay for it
Answer» D. the difference between the price a consumer pays for an item and the price he/she is willing to pay for it

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MicroEconomics, Theory and Applications 2

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