Consumer surplus is represented by the area:below the market price and below the demand curve.above the market price and above the demand curve.below the market price and above the demand curve.above the market price and below the demand curve.

Consumer surplus is the area the demand curve and the price.

Consumer surplus in a market for a product would be equal to ________ if the market price was zero.Group of answer choiceszerothe area between the supply curve and the demand curvethe area above the supply curvethe area under the demand curve

Another way to describe consumer surplus is

Consumer surplus equals the: A. value to buyers plus the amount paid by buyers B. value to buyers less the amount paid by buyers C. amount received by sellers less the costs of sellers D. amount received by sellers plus the costs of sellers

Which statement is true? Group of answer choicesConsumer surplus is the benefit a consumer receives from consuming a product, net of the price they have to pay for it.Consumer surplus is the area underneath the demand curve above the price line.Consumer surplus is the area underneath the price line above the demand curve.a and b.None of the above.