The concept of consumer surplus is easiest to see by reading the demand curve as a marginal benefit curve instead of as a demand curve.

Name: The concept of consumer surplus is easiest to see by reading the demand curve as a marginal benefit curve instead of as a demand curve.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

When the demand curve is read as a marginal benefit curve, it shows the maximum price consumers are willing to pay for each unit of the good, which forms the basis for calculating consumer surplus.

The Concept of Consumer Surplus Is Easiest to See by Reading