On a graph,which area is consumer surplus
A)the area below the demand curve to the left of the equilibrium price
B)the area below the demand curve to the right of the equilibrium price
C)the area below the price and above the supply curve
D)the area below the demand curve and above the price

Question

Quizplus · Accepted Answer

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

On a Graph,which Area Is Consumer Surplus