On a graph. the area below a demand curve and above the price measures


On a graph, the area below a demand curve and above the price measures willingness to pay, deadweight loss. consumer surplus

Answer

The answer is (c) cosnumer surplus Consumer surplus is the difference between the consumer’s willingness to pay and the actual price paid. Since, demand curve represents the willingness to pay, the area below the demand curve and above the price reflects the consumer surplus.

All other options are incorrect as they are not represented by the area below the demand curve and above the price

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