Which of the Following Statements About Consumer Surplus Is Incorrect

Multiple Choice

Which of the following statements about consumer surplus is incorrect?

A) Consumer surplus is the net benefit to consumers from the exchange that occurs in a market.
B) Consumer surplus is the gains from trade on the part of the consumer that result from a market transaction.
C) Total consumer surplus is the area beneath the demand curve and above the market price.
D) Consumer surplus is the difference between the minimum price the consumer is willing to pay and the market price.