Final answer:
The consumer surplus at any price higher than the equilibrium price must be less than or equal to the consumer surplus at the equilibrium price.
Step-by-step explanation:
The statement is true: if p denotes the equilibrium price, then the consumer surplus at any price higher than p must be less than or equal to the consumer surplus at price p.
Consumer surplus is the difference between what consumers are willing to pay for a product and what they actually pay. At the equilibrium price, the consumer surplus is maximized because it represents the area between the demand curve and the price. Any price higher than the equilibrium price would result in a decrease in the consumer surplus.
For example, if the equilibrium price is $80 and the consumer surplus is represented by the area labeled F, any price higher than $80 would result in a smaller consumer surplus, as the area between the demand curve and the higher price would be smaller.