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

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

Quizplus · Accepted Answer

Consumer surplus is represented by the area below the demand curve and above the price level, indicating the difference between what consumers are willing to pay and what they actually pay.

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