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

Question

Quizplus · Accepted Answer

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

Consumer Surplus Is Equal to the Area