-In the above figure, the market is at its equilibrium. Area A + area B is equal to
A) total surplus.
B) producer surplus.
C) consumer surplus.
D) total revenue.
E) marginal benefit.

Name: -In the above figure, the market is at its equilibrium. Area A + area B is equal to A) total surplus. B) producer surplus. C) consumer surplus. D) total revenue. E) marginal benefit.
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Question

-In the above figure, the market is at its equilibrium. Area A + area B is equal to
A) total surplus. 
B) producer surplus. 
C) consumer surplus. 
D) total revenue. 
E) marginal benefit.

Quizplus · Accepted Answer

Area A + area B represents the total surplus, which is the sum of consumer surplus and producer surplus at market equilibrium.

-In the Above Figure, the Market Is at Its Equilibrium