Konsumentenüberschusses
Konsumentenüberschuss refers to the economic gain or benefit that consumers receive when they are able to purchase a product or service for a price lower than they were willing to pay. It represents the difference between the maximum price a consumer would be willing to pay for a good or service and the actual market price they pay. This concept is a fundamental idea in microeconomics, particularly within the framework of supply and demand.
The existence of a consumer surplus arises because not all consumers are willing to pay the same
Consumer surplus is graphically represented as the area below the demand curve and above the market price