On a graph,the area below a demand curve and above the price measures
A)producer surplus.
B)consumer surplus.
C)deadweight loss.
D)willingness to pay.

Name: On a graph,the area below a demand curve and above the price measures A)producer surplus. B)consumer surplus. C)deadweight loss. D)willingness to pay.
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Question

Quizplus · Accepted Answer

The area below a demand curve and above the price measures consumer surplus, which is the difference between the price consumers are willing to pay for a good and the price they actually pay.

On a Graph,the Area Below a Demand Curve and Above