consumer's surplus
noun
variants
or less commonly consumer's rent
: the amount above the actual price of a commodity a purchaser would pay in order not to go without the commodity
Dictionary Entries Near consumer's surplus
Cite this Entry
“Consumer's surplus.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%27s%20surplus. Accessed 28 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share