Consumer Surplus may be defined as the excess of utility obtained by the consumer over utility obtained by the consumer over utility forgone or disutility suffered.
It is measured by the difference between the maximum price which the consumer is willing to pay for a commodity rather than go without it and the price which he actually pays for it .
Marshall defined it as " The excess of price which a person would be willing to pay rather than go without the thing, over that which he actually does pay is the economic measure of this surplus of satisfaction. It may be called as
Consumer Surplus".
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