Assume the market depicted in the graph is in equilibrium. Consumer surplus is the area:
A)under the supply curve and above the market price.
B)above the supply curve and below the market price.
C)under the demand curve and above the market price.
D)above the demand curve and below the market price.

Question

Assume the market depicted in the graph is in equilibrium. Consumer surplus is the area:
A)under the supply curve and above the market price. 
B)above the supply curve and below the market price. 
C)under the demand curve and above the market price. 
D)above the demand curve and below the market price.

Quizplus · Accepted Answer

The Answer of  Assume the market depicted in the graph is in equilibrium. Consumer surplus is the area:
A)under the supply curve and above the market price. 
B)above the supply curve and below the market price. 
C)under the demand curve and above the market price. 
D)above the demand curve and below the market price.

Assume the Market Depicted in the Graph Is in Equilibrium