CONSUMER SURPLUS

CONSUMER SURPLUS-Consumer surplus means able to consumer benefits. It is the difference between what consumer want to pay for goods &service and what they are  actual pay .

EXAMPLE-One day I thought I went shopping mall and bought a shirt ₹2000 but when time I found shirt ₹2000 that’s time found same shirt was valuable for ₹1700. There for I can save ₹(2000-1700) =300 is my consumer surplus.