Consumer surplus is the area on the graph
A) above the supply curve and below the demand curve.
B) below the demand curve and above the market price.
C) that represents the gains that producers receive when they sell a product.
D) that reflect the opportunity cost of producing the a good.

Question

Quizplus · Accepted Answer

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

Consumer Surplus Is the Area on the Graph