-In the above figure, if the market is in equilibrium, area A + area B + area C equals
A) consumer surplus.
B) producer surplus.
C) deadweight loss.
D) total revenue.
E) total surplus.

Question

-In the above figure, if the market is in equilibrium, area A + area B + area C equals
A) consumer surplus. 
B) producer surplus. 
C) deadweight loss. 
D) total revenue. 
E) total surplus.

Quizplus · Accepted Answer

The Answer of 
-In the above figure, if the market is in equilibrium, area A + area B + area C equals
A) consumer surplus. 
B) producer surplus. 
C) deadweight loss. 
D) total revenue. 
E) total surplus.

-In the Above Figure, If the Market Is in Equilibrium