Question
Consumer surplus
isSolution
Consumer surplus is a concept in economics that represents the difference between what a consumer is willing to pay for a good or service and the actual price they pay for it. It measures the additional benefit or utility that consumers receive from a transaction beyond what they have to pay.
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When was the National Council of Educational Research and Training (NCERT) established?
Who constructed the road from Haridwar to Badrinath and Kedarnath ?
What is the name of the app developed by the Election Commission of India used for reporting violations of the model code of conduct?
Which digital healthcare platform was recently introduced by Omar Abdullah to serve the residents of Jammu and Kashmir?
In which country was a gene-edited pig's liver transplanted into a human for the first time?
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