Economics B A-Level
Consumer surplus
What Consumer surplus means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Consumer surplus
Check what you remember
Read the wording for your board, then hide it and explain Consumer surplus in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A surplus that firms can convert into producer surplus through price discrimination, increasing total profits.
Topics that use Consumer surplus
- Oligopoly (Pearson Edexcel A-Level)
Related terms
- Competition regulation
- Concentration ratio
- Market power
- Monopoly power
- Non-price competition
- Oligopoly
- Price discrimination
- Price stability
Using Consumer surplus in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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