Figure 9.1.1
-Refer to Figure 9.1.1 above. 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 9.1.1
-Refer to Figure 9.1.1 above. 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 9.1.1
-Refer to Figure 9.1.1 above. 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 9.1.1 -Refer to Figure 9.1.1 Above. If the Market Is in Is