Consumer surplus is primarily based on the economic idea of marginal utility, which is the additional satisfaction a purchaser positive aspects from one extra unit of a appropriate or service.
Consumer surplus continually increases as the charge of a good falls and decreases as the charge of a proper rises.
Consumer surplus always increases as the fee of a good falls and decreases as the rate of a correct rises. It is depicted visually by using economists as the triangular vicinity beneath the demand curve between the market fee and what customers would be willing to pay.
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