Refer to the graph shown. When market supply shifts from S0 to S1, the revenue loss to suppliers resulting from the lower price is shown by area: 
Definitions:
Marginal Utility Data
Information regarding the incremental benefit or satisfaction gained from consuming an additional unit of a good or service.
Utility Maximization
Utility maximization refers to the concept in economics where individuals or entities choose the allocation of resources to maximize their satisfaction or happiness.
Utility Maximization
The process by which consumers allocate their spending to maximize the total satisfaction or utility received from their available resources.
Utility Maximization
The process by which consumers allocate their income in a way that maximizes their overall satisfaction or utility.
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