In a diagram, consumer surplus is always represented by the area:
A)between the demand curve and the supply curve.
B)between the demand curve and the price.
C)below the demand curve.
D)above the demand curve.

Question

Quizplus · Accepted Answer

Consumer surplus is represented by the area between the demand curve and the price, as it reflects the difference between what consumers are willing to pay and what they actually pay.

In a Diagram, Consumer Surplus Is Always Represented by the Area