-In the diagram above,consumer surplus is represented by the area

Name: -In the diagram above,consumer surplus is represented by the area
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Consumer surplus is the difference between the price consumers are willing to pay for a good and the price they actually pay. In the diagram, this is represented by the area above the equilibrium price (P*) and below the demand curve (D). This area is labeled BAF.

-In the Diagram Above,consumer Surplus Is Represented by the Area