Exhibit 6-21
-Refer to Exhibit 6-21. In equilibrium the consumer surplus in this market is area A + B.

Name: Exhibit 6-21 -Refer to Exhibit 6-21. In equilibrium the consumer surplus in this market is area A + B.
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Question

Exhibit 6-21 
-Refer to Exhibit 6-21. In equilibrium the consumer surplus in this market is area A + B.

Quizplus · Accepted Answer

Consumer surplus is typically the area above the price level and below the demand curve, up to the quantity traded. Without the specific details of Exhibit 6-21, it's not possible to confirm that area A + B represents the consumer surplus.

Exhibit 6-21 -Refer to Exhibit 6-21. in Equilibrium the Consumer Surplus in Consumer