The total consumer surplus is shown on a graph as
A)The area under the demand curve and below the actual price.
B)The area under the demand curve and above the actual price.
C)The area above the demand curve and above the actual price.

Question

Quizplus · Accepted Answer

Consumer surplus is the area under the demand curve and above the actual price, representing the difference between what consumers are willing to pay and what they actually pay.

The Total Consumer Surplus Is Shown on a Graph as