Consumer surplus is the area _______.

below the demand curve and above the price

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above the supply curve and below the price

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above the demand curve and below the price

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below the supply curve and above the price

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Solution

The correct option is A below the demand curve and above the price
Consumer surplus is the below the demand curve and above the price, as represented by the lined area in the diagram.

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Consumer surplus is the area _______.

The correct option is A below the demand curve and above the priceConsumer surplus is the below the demand curve and above the price, as represented by the lined area in the diagram.

The correct option is A below the demand curve and above the price
Consumer surplus is the below the demand curve and above the price, as represented by the lined area in the diagram.