When looking at a supply and demand graph,you would find consumer surplus
A) above the demand curve and below the supply curve.
B) below the demand curve and above market price.
C) to the right of equilibrium quantity and above market price.
D) above the demand curve and above the supply curve.
E) below market price and above the supply curve.

Question

Quizplus · Accepted Answer

Consumer surplus is the difference between the price a consumer is willing to pay for a good and the actual price they pay. On a supply and demand graph, consumer surplus is represented by the area below the demand curve, above the market price, and up to the quantity consumed. Therefore, option B correctly describes the location of consumer surplus.

When Looking at a Supply and Demand Graph,you Would Find