Which area represents the total surplus in a market?

Show Answers

The region above the supply curve but beneath the market priceThe area under the demand curve but over the market priceThe space between the demand curve and the supply curveThe section below the supply curve and above the market priceThe zone above the demand curve and below the market price

Explanation

Total surplus is the combined benefit to consumers and producers, represented by the area between the demand curve and the supply curve. This area reflects the net gains from trade in the market.