CAIE A-Level Economics 2.5.1 Consumer surplus

CAIE A-Level Economics 2.5.1 Consumer surplus
Cambridge International AS & A Level Economics 9708 syllabus for exams in 2026, 2027 and 20282026–2028

Practise defining consumer surplus and finding the gain consumers receive from paying less than their maximum willingness to pay.

How this is tested

  • 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

Question 6

[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