Figure 9.7
-Refer to Figure 9.7. Because of the policy, consumer surplus fell by
A) $10.
B) $20.
C) $12,500.
D) $25,000.
E) $45,000.

Question

Figure 9.7
-Refer to Figure 9.7. Because of the policy, consumer surplus fell by
A) $10. 
B) $20. 
C) $12,500. 
D) $25,000. 
E) $45,000.

Quizplus · Accepted Answer

The correct answer is $25,000. This is likely calculated based on the change in consumer surplus due to the policy, which can be determined by analyzing the area of the triangle or trapezoid representing consumer surplus before and after the policy in Figure 9.7.

Figure 9.7 -Refer to Figure 9.7. Because of the Policy, Consumer Surplus