Use the following graph to answer the following questions.

-In the figure,which region represents the consumer surplus?
A) area A
B) area B
C) area C
D) area D
E) area E

Question

Use the following graph to answer the following questions.
 
-In the figure,which region represents the consumer surplus?
A) area A 
B) area B 
C) area C 
D) area D 
E) area E

Quizplus · Accepted Answer

Consumer surplus is the area between the demand curve and the price level, up to the quantity demanded. Area B represents this space, indicating the difference between what consumers are willing to pay and what they actually pay.

Use the Following Graph to Answer the Following Questions