Figure 9.7
-Refer to Figure 9.7. Before the policy was implemented, consumer surplus was
A) $30.
B) $60.
C) $45,000.
D) $90,000.
E) $180,000.

Name: Figure 9.7 -Refer to Figure 9.7. Before the policy was implemented, consumer surplus was A) $30. B) $60. C) $45,000. D) $90,000. E) $180,000.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Figure 9.7
-Refer to Figure 9.7. Before the policy was implemented, consumer surplus was
A) $30. 
B) $60. 
C) $45,000. 
D) $90,000. 
E) $180,000.

Quizplus · Accepted Answer

The consumer surplus before the policy was implemented is $45,000, as indicated by the area under the demand curve and above the price level before the policy change.

Figure 9.7 -Refer to Figure 9.7. Before the Policy Was Implemented, Consumer