Use the following to answer questions
Figure: Determining Surplus 6
-(Figure: Determining Surplus 6)Using the graph,we can calculate the total consumer surplus as:

Question

Use the following to answer questions 
Figure: Determining Surplus 6 
-(Figure: Determining Surplus 6)Using the graph,we can calculate the total consumer surplus as:

Quizplus · Accepted Answer

The total consumer surplus is calculated as the area of the triangle above the price level and below the demand curve. The graph likely shows a demand curve and a price level, and the area of the triangle can be calculated using the formula for the area of a triangle (1/2 * base * height). Based on the given options, $20,000 is the most plausible value for the consumer surplus.

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