Consumer surplus is measured by:
A) The area of the triangle below the demand curve and above the equilibrium price.
B) The area of the triangle above the supply curve and below the equilibrium price.
C) The area of the triangle between the demand and supply curves to the left of the market equilibrium that correspond to the zone where buyers and sellers can engage in profitable traders.
D) The area of the triangle between the demand and supply curves to the right of the market equilibrium that correspond to the zone where buyers and sellers can engage in profitable traders.

Question

Quizplus · Accepted Answer

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

Consumer Surplus Is Measured By