CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The total area under the demand curve of a good measures _________.

A
marginal utility
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
total utility
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
consumer surplus
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
producer surplus
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D total utility
The total area under the demand curve of a good measures total utility because demand curve represents the amount of satisfaction a consumer obtains under that particular point on the demand curve.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Demand Shifters
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon