The value to the consumer is
A)the area under the demand curve form the origin to the quantity purchased.
B)the area under the supply curve form the origin to the quantity produced.
C)the area under the demand curve but above the price line from the origin to the quantity purchased.
D)the area under the supply curve but below the price line from the origin to the quantity purchased.

Question

Quizplus · Accepted Answer

The value to the consumer is the area under the demand curve from the origin to the quantity purchased. This is because the demand curve shows the consumer's willingness to pay for different quantities of a good. The area under the demand curve represents the total amount of money that consumers are willing to pay for the quantity of the good that they purchase.

The Value to the Consumer Is