-Refer to the figure above. If the market price of sunglasses is $50, Area B represents the ________.

Name: -Refer to the figure above. If the market price of sunglasses is $50, Area B represents the ________.
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Area B represents the consumer surplus, which is the difference between what consumers are willing to pay for a good or service and what they actually pay. In this case, it's the area above the market price and below the demand curve.

-Refer to the Figure Above