Which of the Following Is True About Consumer Surplus?​

Multiple Choice

Which of the following is true about consumer surplus?​

A) ​Consumer surplus is how much more consumers have to pay than they are willing to pay.
B) ​Consumer surplus is shown graphically as the area under the demand curve but above the supply curve.
C) ​An increase in the market price due to a decrease in supply will increase consumer surplus.
D) ​A decrease in market price due to an increase in supply will increase consumer surplus.