Graphically,consumer surplus is the area:
A)above the demand curve.
B)below the supply curve.
C)under the demand curve and above the supply curve.
D)above the market supply curve and under the equilibrium price.
E)under the market demand curve and above the equilibrium price.

Question

Quizplus · Accepted Answer

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

Graphically,consumer Surplus Is the Area