UrbanPro

Location Set your Location

Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take BA Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

BA Tuition > Learn BA Tuition > What is consumer surplus?
✕

Search in

What is consumer surplus?

Asked by Last Modified  

10 Answers

Learn BA Tuition

Follow 0
Answer

Please enter your answer

It is the total amount that the consumer's are willing and able to pay for a good and service and the total amount that they actually pay.
Comments
Dislike Bookmark

Chartered Accountant - Commerce class tuition teacher

Consumer surplus means monetary gain obtained by consumers This is because they are able to purchase a product (say Rs. 50) for a price that is less than the highest price that they would be willing to pay (say Rs. 55). Hence Rs. 5 is consumer surplus
Comments
Dislike Bookmark

all in one

Consumer surplus is the difference between the total amount that consumers are willing to pay for goods or service and the total amount actually they pay.
Comments
Dislike Bookmark

Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price.
Comments
Dislike Bookmark

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price).
Comments
Dislike Bookmark

B A Tution

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price). DEFINITION of 'Consumer Surplus' An economic measure of consumer satisfaction,...
read more
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service (indicated by the demand curve) and the total amount that they actually do pay (i.e. the market price). DEFINITION of 'Consumer Surplus' An economic measure of consumer satisfaction, which is calculated by analyzing the difference between what consumers are willing to pay for a good or service relative to its market price. A consumer surplus occurs when the consumer is willing to pay more for a given product than the current market price. INVESTOPEDIA EXPLAINS 'Consumer Surplus' Consumers always like to feel like they are getting a good deal on the goods and services they buy and consumer surplus is simply an economic measure of this satisfaction. For example, assume a consumer goes out shopping for a CD player and he or she is willing to spend $250. When this individual finds that the player is on sale for $150, economists would say that this person has a consumer surplus of $100. read less
Comments
Dislike Bookmark

An economic measure of consumer satisfaction, which is calculated by analyzing the difference between what consumers are willing to pay for a good or service relative to its market price. A consumer surplus occurs when the consumer is willing to pay more for a given product than the current market pr...
Comments
Dislike Bookmark

MBA And BBA Tutor with an extensive Industry & Training experience of more than 15 years

Consumer surplus explains our overall economic well being. The more the consumer is in surplus the more well being the economy is as a consumer is willing to spend more than required ,it may be called as luxury.
Comments
Dislike Bookmark

Business Relations

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay
Comments
Dislike Bookmark

MBA, BBA Business studies and Economics tution

Consumer surplus is the difference between the amount the consumer willing to pay or able to pay and the consumer actually pay for the same.
Comments
Dislike Bookmark

View 8 more Answers

Related Questions

Hi, I have overall 2+ years of industrial exeperience in C, C++. I would like to teach C,C++. Please let me know if anyone wants to learn C,C++.
yes i m interested in Chennai only
Vijay
0 0
8
Looking for academic writers Creative Prakashan is looking for academic writers to write on academic subjects on an immediate basis. - Candidate must have flair for writing . - Candidate should be able to develop high quality content for Academic projects. - Candidate should be able to Proof read and Edit -Candidate should have thorough understanding of related subject. Interested candidates are requested to send detail profile on this email. creativeprakashan
It will be nice if you mention the subjects on whose write ups are required.
Abhay
I am a tutor what should I charge for English tuition X ICSE in Mumbai home tutions for 2 hours.
You can charge Rs. 250 per hour.
Sneha
what is the good way of studying english language ?
English has four skills listening,speaking,reading and writing..if you want to learn english then first listen,then learn the new words and use it,after that try to read books,magaxines,novels or anything...
Arzu

What are the best courses to pursue after 12th?
you can go for animation and multimedia because in this field best scope in future
Rishu A.
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Oxidative Phosphorylation
Oxidative PhosphorylationIt is the main source of energy of our cell. Takes place in Mitochondria. Movement of protons through inner mitochondrial membrane leads to ATP production. Definition:Oxidative...

Bhakti M.

0 0
0
How to create Rest web services in Java
Web services are web application components that lets two different applications to communicate over the network.Let if an application which in written java provides web services can be communicated through...

Gaurav

0 0
0
What is Stress and sources of stress
What are Stress and sources of stress Stress affect or physical and mental health. If we have lesser resources and expectations are more, we feel stressed. Expectations may be physical, psychological,...

Dr. Bharat Chaugule

1 0
0
Practical approach to Communication & Spoken English and Misunderstandings
A practical approach to Communication & Spoken English and Misunderstandings While working as a Professor in Communication & Soft Skills in reputed university and conducting workshops with other...

Dr. Bharat Chaugule

3 0
0
Problem Solving
Problem-solving What is the Problem? Generally, I asked this question in my workshops many times to my participants, "what is the problem?", that time they replied My Boss is a problem, my mother is...

Dr. Bharat Chaugule

1 0
0

Recommended Articles

10 Tips For Your College Dissertation Project

Whether you are doing graduation or post graduation, no college student can escape from the misery of college dissertation. College dissertation is a detailed research project on a topic of your choice, approved by professors. At the beginning of the dissertation you have to set a hypothetical aim and at the end, you have...

Read full article >

6 Bachelor of Arts (BA) Subjects That Promise...

Most of the students decide what stream they are going to choose at the school level. Science, commerce and arts are the main fields, and students need to choose any one between these three. Although there are many such professional courses available, most students like to select one of these three streams. In college,...

Read full article >

7 key skills to develop while you are in college

Whatever you learn in college is no doubt very important and forms the base for your future professional career. However, lack of hands-on experience, business oriented skills and interpersonal skills, among fresh graduates are making them unfit for employment in competitive business environment. Today organizations operate...

Read full article >

Common Rules to Follow for College Students

During the last days in school, every student waits for their college life. It is, of course, exciting to get admission in your dream college with the course you wanted to pursue. Its your effort and struggle that makes you part of the college that you aimed for. Yet, once the first month passes all students forget their...

Read full article >

Find BA Tuition near you
BA Tuition in Delhi
BA Tuition in Bangalore
BA Tuition in Kolkata
BA Tuition in Hyderabad
BA Tuition in Mumbai
BA Tuition in Chennai
BA Tuition in Pune
BA Tuition in Chandigarh
BA Tuition in Noida
BA Tuition in Gurgaon

Looking for BA Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BA Tuition Classes?

The best tutors for BA Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BA Tuition with the Best Tutors

The best Tutors for BA Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2024All Rights Reserved