Total consumer surplus is measured as the area:
A) between the demand curve and the supply curve.
B) above the demand curve.
C) beneath the demand curve and above the market price.
D) beneath the market price and above the supply curve.

Question

Quizplus · Accepted Answer

Consumer surplus is the area beneath the demand curve and above the market price, representing the difference between what consumers are willing to pay and what they actually pay.

Total Consumer Surplus Is Measured as the Area