Economics 9708 · AS & A Level · Consumer and producer surplus

Consumer and producer surplus — practice question

What does consumer surplus mean?

  • Athe amount of a consumer's income less the amount paid in income tax
  • Bthe amount of a consumer's income less the amount paid for goods and services
  • Cthe amount of a consumer's income received in bonuses and overtime pay
  • Dthe amount a consumer is willing to pay for a product less the amount actually paid

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI