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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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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 _____.

User Harold Javier
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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
User Alexbt
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