Economics A-Level
Consumer Surplus
What Consumer Surplus means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Consumer Surplus
The difference between the maximum price a consumer is willing to pay and the market price they actually pay.
Topics that use Consumer Surplus
- How markets work (Pearson Edexcel A-Level)
Related terms
Using Consumer Surplus in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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