The concept of consumer surplus is easiest to see by reading the supply curve as a marginal cost curve instead of as a supply curve.

Name: The concept of consumer surplus is easiest to see by reading the supply curve as a marginal cost curve instead of as a supply curve.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Consumer surplus is best understood by looking at the demand curve, not the supply curve, as it represents the difference between what consumers are willing to pay and what they actually pay.

The Concept of Consumer Surplus Is Easiest to See by Reading