CAIE A-Level Economics 2.5.1 Consumer surplus
Practise defining consumer surplus and finding the gain consumers receive from paying less than their maximum willingness to pay.
- Syllabus
- 2026–2028
- Course
- Economics 9708
- Level
- AS
Exam points
- identify consumer surplus as willingness to pay minus the market price
- calculate consumer surplus from willingness-to-pay tables or ticket prices
- select the correct consumer surplus area on demand and supply diagrams
2.5.1—Consumer surplus question 1
[Maximum number: 1]
What is consumer surplus?
A
the amount of a consumer's income less the amount paid in income tax
B
the amount of a consumer's income less the amount paid for goods and services
C
the amount of a consumer's income received in bonuses and overtime pay
D
the amount a consumer is willing to pay for a product less the amount actually paid
D
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