Consumer surplus is the area
A) below the demand curve and above the price.
B) above the supply curve and below the price.
C) above the demand curve and below the price.
D) below the supply curve and above the price.
E) below the demand curve and above the supply curve.

Question

Quizplus · Accepted Answer

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

Consumer Surplus Is the Area