Refer to the figure below. If a price ceiling were imposed at point G, the consumer surplus would be represented by the area ________.
A)BJEH
B)BAEH
C)JAE
D)GAEF

Name: Refer to the figure below. If a price ceiling were imposed at point G, the consumer surplus would be represented by the area ________. A)BJEH B)BAEH C)JAE D)GAEF
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Question

Refer to the figure below.  If a price ceiling were imposed at point G, the consumer surplus would be represented by the area ________.
A)BJEH 
B)BAEH 
C)JAE 
D)GAEF

Quizplus · Accepted Answer

Consumer surplus is the area above price and below the demand curve, up to the quantity traded (Q2).

Refer to the Figure Below