surplus is the difference between the highest price a consumer is willing to pay and the price the consumer…
surplus is the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. this component of economic surplus is illustrated in the diagram by area
Answer
Brief Explanations:
Consumer surplus is the area above the market - price line and below the demand curve. In the given diagram, area A is above the price line and below the demand curve $D_1$.
Answer:
A