Consumer Surplus Is Defined As

Multiple Choice

Consumer surplus is defined as:

A) The difference between the discounted amount and the original amount purchased of a good.
B) The difference between the maximum amount a consumer is willing to pay for a good and the amount he or she must actually pay when purchasing
C) The difference between the cost of producing a good and its purchase price.
D) The amount of the good purchased by a consumer over and above the minimum amount that the customer wanted of the good.