On a graph, _____ surplus is measured as the space between the demand curve and equilibrium price line.

Name: On a graph, _____ surplus is measured as the space between the demand curve and equilibrium price line.
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

Consumer surplus is measured as the area between the demand curve and the equilibrium price line, representing the difference between what consumers are willing to pay and what they actually pay.

On a Graph, _____ Surplus Is Measured as the Space