Refer to the figure below. If a price ceiling were imposed at $4, consumer surplus would be:
A)$36.
B)$20.
C)$24.
D)$28.

Name: Refer to the figure below. If a price ceiling were imposed at $4, consumer surplus would be: A)$36. B)$20. C)$24. D)$28.
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Question

Refer to the figure below.  If a price ceiling were imposed at $4, consumer surplus would be:
A)$36. 
B)$20. 
C)$24. 
D)$28.

Quizplus · Accepted Answer

Consumer surplus is the area above price and below the demand curve, up to the quantity traded (4). Here, this is equal to a triangle with area ½ × ($10 − $8)× 4 = $4 plus a rectangle with area ($8 − $4)× 4 = $16.

Refer to the Figure Below