-Which area in the above figure shows the consumer surplus at the price and quantity that would be set by a single-price monopoly?
A) A + B
B) A + B + C + D + E
C) C + D
D) C + D + E + F + G + H

Question

-Which area in the above figure shows the consumer surplus at the price and quantity that would be set by a single-price monopoly?
A) A + B 
B) A + B + C + D + E 
C) C + D 
D) C + D + E + F + G + H

Quizplus · Accepted Answer

In a single-price monopoly, consumer surplus is the area above the price level and below the demand curve, up to the quantity sold. This is represented by area A in the figure.

-Which Area in the Above Figure Shows the Consumer Surplus