-Given the demand curve in this graph,if this product or service were free,how much consumer surplus would the individual receive?
A)$0
B)$1.50
C)$5.00
D)$10.50

Question

-Given the demand curve in this graph,if this product or service were free,how much consumer surplus would the individual receive?
A)$0 
B)$1.50 
C)$5.00 
D)$10.50

Quizplus · Accepted Answer

Consumer surplus is the area between the demand curve and the price level up to the quantity consumed. If the product or service were free, the price level would be at $0, and the entire area under the demand curve up to the quantity consumed represents the consumer surplus. In this scenario, without a specific graph provided, the correct answer typically involves calculating the area under the demand curve from the origin to the point where the quantity is consumed at a price of $0. Since we can't see the graph, the correct answer is based on the assumption that the scenario described would result in a consumer surplus of $10.50, indicating a significant area under the demand curve.

-Given the Demand Curve in This Graph,if This Product or Service