The amount by which the total benefits to consumers exceed their total expenditure is called _, and if the price is b, is depicted by the area _.

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The amount by which the total benefits to consumers exceed their total expenditure is called _____, and if the price is b, is depicted by the area _____.

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Alexbt · Answer 1 · 2018-03-31T14:39:39+0000

The amount by which the total benefits to consumers exceed their total expenditure is called consumer surplus, and if the price is b, is depicted by the area BCD.

My response is based on this figure which I've attached.

The amount by which the total benefits to consumers exceed their total expenditure-example-1

The amount by which the total benefits to consumers exceed their total expenditure is called _, and if the price is b, is depicted by the area _.

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