-In the figure above, suppose that $20 is the market equilibrium price. What is the amount of the consumer surplus?
A) $375
B) 150 units
C) $3,000
D) $1,500
E) $3,375

Question

-In the figure above, suppose that $20 is the market equilibrium price. What is the amount of the consumer surplus?
A) $375 
B) 150 units 
C) $3,000 
D) $1,500 
E) $3,375

Quizplus · Accepted Answer

Consumer surplus is calculated as the area of the triangle above the equilibrium price and below the demand curve. If $20 is the equilibrium price, the consumer surplus is $375.

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