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Current Step1 of 8
1
Total Benefits of Consumption
The total area under the demand curve (blue area), for all quantities up till the actual quantity demanded (Q* in this diagram) represents the total benefit consumers receive from consuming the good.
Current Step1 of 8
1
Total Benefits of Consumption
The total area under the demand curve (blue area), for all quantities up till the actual quantity demanded (Q* in this diagram) represents the total benefit consumers receive from consuming the good.