Economics (AS & A Level) · Oct / Nov 2025 · Paper 12 · Question 6
9708Consumer and producer surplus
What is consumer surplus?
- Athe amount of a consumer's income less the amount paid in income tax
- Bthe amount of a consumer's income less the amount paid for goods and services
- Cthe amount of a consumer's income received in bonuses and overtime pay
- Dthe amount a consumer is willing to pay for a product less the amount actually paid
As printed in the paper
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Correct answer: D. the amount a consumer is willing to pay for a product less the amount actually paid
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