Exhibit 6-21 Refer to Exhibit 6-21.When this market is in equilibrium, the consumer surplus is the area of:

Name: Exhibit 6-21 Refer to Exhibit 6-21.When this market is in equilibrium, the consumer surplus is the area of:
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Question

Exhibit 6-21  Refer to Exhibit 6-21.When this market is in equilibrium, the consumer surplus is the area of:

Quizplus · Accepted Answer

Consumer surplus is the area above the market price and below the demand curve, up to the quantity purchased. In this case, that would be the area of triangle A.