How does an increase in consumer surplus at market equilibrium indicate improved market efficiency in an economy?

Consumer surplus is the difference between what consumers are willing to pay for a product and what they actually pay. When there is an increase in consumer surplus at market equilibrium, it means that consumers are getting more value from their purchases. This increase suggests that the market is functioning well, as it indicates that prices are low enough to allow more people to buy the product, while still being high enough for producers to sell their goods. For example, if a concert ticket is priced at $50 but many people would be willing to pay $80, the consumer surplus is $30 for each ticket sold, showing that consumers are satisfied with their purchase. Overall, a higher consumer surplus reflects a more efficient market, where resources are allocated effectively to meet consumer demand.