Example Of Consumer Surplus

Suppose, you went to a footwear shop as consumer. You selected one pair of shoes which marked price is Rs. 1000 but you willing to pay not more than Rs. 650, than you start bargaining with the owner and finally reached to the point where you and owner both agreed that is Rs. 450, now you as consumer got Rs. 200 consumer surplus on that pair of shoes.we can calculate consumer surplus by subtracting consumer actually pays (Rs. 450) from consumer is willing to pay (Rs. 650) which equals to consumer surplus (Rs. 200).