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Explain the theory of “consumer’s surplus” . - Economics

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प्रश्न

Explain the theory of “consumer’s surplus”.

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उत्तर

Alfred Marshall defines consumer surplus as “the excess of price which a person would be willing to pay a thing rather than go without the thing, over that which he actually does pay is the economic measure of this surplus satisfaction. This may be called consumer’s surplus”.

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Consumer’s Surplus
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अध्याय 2: Consumption Analysis - Model Questions - Part C [पृष्ठ ५२]

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सामाचीर कलवी Economics [English] Class 11 TN Board
अध्याय 2 Consumption Analysis
Model Questions - Part C | Q 31 | पृष्ठ ५२
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