Figure 9.1
-Refer to Figure 9.1. If the market is in equilibrium, the consumer surplus earned by the buyer of the 1st unit is ________.
A) $5.00
B) $15.00
C) $22.50
D) $40.00

Question

Figure 9.1
-Refer to Figure 9.1. If the market is in equilibrium, the consumer surplus earned by the buyer of the 1st unit is ________.
A) $5.00 
B) $15.00 
C) $22.50 
D) $40.00

Quizplus · Accepted Answer

The Answer of  Figure 9.1
-Refer to Figure 9.1. If the market is in equilibrium, the consumer surplus earned by the buyer of the 1st unit is ________.
A) $5.00 
B) $15.00 
C) $22.50 
D) $40.00

Figure 9.1 -Refer to Figure 9.1. If the Market Is in Equilibrium