Economics · Consumer Behavior
The difference between the maximum price a consumer is willing to pay for a good and the actual price they pay is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Social surplus
- 2Economic profit
- 3Producer surplus
- 4Consumer surplus✓
Correct answer
Consumer surplus
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Consumer Behavior MCQs →Want more practice questions on Consumer Behavior?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Consumer Behavior