Question

the difference between the most a buyer would be willing to pay for a product and the price actually paid. the increase in a buyers total utility when the buyer purchases additional units of a good. the difference between the quantity demanded and the quantity supplied at a given price. the difference between a buyers marginal utility from consuming a product and the price actually paid.

Explanation:

Consumer surplus is defined as the difference between the maximum price a buyer is willing to pay for a product (reservation price) and the actual price paid. This concept is fundamental in micro - economics to measure the benefit consumers receive from a transaction.

Answer:

the difference between the most a buyer would be willing to pay for a product and the price actually paid.