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

Question

Gala2k [10]

3 years ago

7

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

picted by the area _____.

Business

1 answer:

lesya692 [45] · Answer 1 · 2022-05-18T23:51:24+03:00

lesya692 [45]3 years ago

7 0

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 <span>BCD</span>.

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