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Refer to the Graph Shown

Question 50

Multiple Choice

Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $10 and a quantity of 500 units. In equilibrium, consumer surplus is equal to: Refer to the graph shown. Assume that the market is initially in equilibrium at a price of $10 and a quantity of 500 units. In equilibrium, consumer surplus is equal to: A) 1,500. B) 2,500. C) 3,500. D) 5,000.


A) 1,500.
B) 2,500.
C) 3,500.
D) 5,000.

Correct Answer:

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