Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. In equilibrium, consumer surplus is equal to:
A) 40.
B) 80.
C) 120.
D) 160.

Question

Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. In equilibrium, consumer surplus is equal to: 
A) 40. 
B) 80. 
C) 120. 
D) 160.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $6 and a quantity of 40 units. In equilibrium, consumer surplus is equal to: 
A) 40. 
B) 80. 
C) 120. 
D) 160.

Refer to the Graph Shown