-In the figure above, when production is 3 units with a price of $3, the consumer surplus equals
A) a + b + f + g + h + l.
B) a + b + f + g + h + l + i + m.
C) a + b.
D) a + b + f + g.

Question

-In the figure above, when production is 3 units with a price of $3, the consumer surplus equals
A) a + b + f + g + h + l. 
B) a + b + f + g + h + l + i + m. 
C) a + b. 
D) a + b + f + g.

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve, which is represented by the area a + b when the price is $3 and production is 3 units.

-In the Figure Above, When Production Is 3 Units with a Price