-In the figure above, suppose that $20 is the market equilibrium price. Which area is the consumer surplus?
A) A
B) B
C) B ÷ A
D) B - A
E) A + B

Name: -In the figure above, suppose that $20 is the market equilibrium price. Which area is the consumer surplus? A) A B) B C) B ÷ A D) B - A E) A + B
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Question

-In the figure above, suppose that $20 is the market equilibrium price. Which area is the consumer surplus?
A) A 
B) B 
C) B ÷ A 
D) B - A 
E) A + B

Quizplus · Accepted Answer

Consumer surplus is the area above the market price and below the demand curve, which is represented by area A in the figure.

-In the Figure Above, Suppose That $20 Is the Market