What does the area between the supply and demand curves up to the equilibrium quantity represent
A)consumer surplus
B)producer surplus
C)total surplus
D)tax revenue

Question

Quizplus · Accepted Answer

The area between the supply and demand curves up to the equilibrium quantity represents the total surplus, which is the sum of consumer surplus and producer surplus. It does not include tax revenue, which is an external factor imposed by the government.

What Does the Area Between the Supply and Demand Curves