Consumer surplus
A)is the amount a buyer pays for a good minus the amount the buyer is willing to pay for it.
B)is represented on a supply-demand graph by the area below the price and above the demand curve.
C)measures the benefit sellers receive from participating in a market.
D)measures the benefit buyers receive from participating in a market.

Question

Quizplus · Accepted Answer

Consumer surplus measures the benefit that buyers receive from participating in a market. It is the difference between the amount that consumers are willing to pay for a good or service and the actual price they end up paying.

Consumer Surplus