Figure 7-9

-Refer to Figure 7-9. At equilibrium, consumer surplus is represented by the area
A)A.
B)A+B+C.
C)D+H+F.
D)A+B+C+D+H+F.

Name: Figure 7-9 -Refer to Figure 7-9. At equilibrium, consumer surplus is represented by the area A)A. B)A+B+C. C)D+H+F. D)A+B+C+D+H+F.
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Question

Figure 7-9
 
-Refer to Figure 7-9. At equilibrium, consumer surplus is represented by the area
A)A. 
B)A+B+C. 
C)D+H+F. 
D)A+B+C+D+H+F.

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve, up to the quantity traded. At equilibrium, this is represented by areas A, B, and C.

Figure 7-9 -Refer to Figure 7-9. at Equilibrium, Consumer Surplus Is Represented