Graphically, if the supply and demand curves are linear, consumer surplus is measured as the triangle Multiple Choice above the supply curve and below the actual price. above the supply curve and above the actual price. under the demand curve and above the actual price. under the demand curve and below the actual price.

Graphically, if the supply and demand curves are linear, consumer surplus is measured as the triangle under the demand curve and above the actual price.

Consumer surplus is the difference between the highest price a consumer is willing to pay for a good or service and the price of the item. The lower the price of an item, the higher the consumer surplus.

The demand curve is a curve that shows the relationship between the price of an item and the quantity demanded. It is downward sloping. The supply curve, is a curve that shows the relationship between price and the quantity supplied.

On a graph, consumer surplus is the triangle below the demand curve but above the price of the item. For example, if the highest price a consumer is willing to buy a product is $10 and the price of the item is $2. The consumer surplus is the triangle between $10 and $2.

Please find attached a graph showing consumer surplus. To learn more about consumer surplus, please check: link

above the supply curve and above the actual price.

Explanation:

Consumer surplus measures the benefit that consumers obtain when they pay for a good less than the price the would be willing to pay anyway.

In a supply and demand graph, it is represented by the triangle that is above the supply curve, and the actual price.

The triange that is below it, that is to say, above the supply curve, but below the actual price, is the producer surplus instead.

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