For any given price, the more elastic is the demand for a good, the greater will be the consumer surplus.

Name: For any given price, the more elastic is the demand for a good, the greater will be the consumer surplus.
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Quizplus · Accepted Answer

Consumer surplus is not directly related to the elasticity of demand; it depends on the difference between what consumers are willing to pay and the market price. Elasticity affects how quantity demanded changes with price, not the surplus itself.

For Any Given Price, the More Elastic Is the Demand