Consumer surplus can be graphically represented as:

CA Foundation · Business Economics · RTP · May 2026
Consumer surplus can be graphically represented as:
(A) A. The area above the demand curve and below the price line
(B) B. The triangular area below the demand curve and above the price line
(C) C. The total area under the demand curve
(D) D. The rectangular area formed by price and quantity

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. The triangular area below the demand curve and above the price line

Topics: Theory of Demand and Supply

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