Use the following to answer question:
-(Figure: A Market with a Tax)Use Figure: A Market with a Tax.Before the tax is imposed,consumer surplus is equal to the areas:

Question

Use the following to answer question: 
-(Figure: A Market with a Tax)Use Figure: A Market with a Tax.Before the tax is imposed,consumer surplus is equal to the areas:

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve. Before the tax is imposed, the price is lower, so consumer surplus includes areas A, B, and C.

Use the Following to Answer Question