-The above figure tells us about the market for red roses. The consumer surplus is _______ a day.

Question

Quizplus · Accepted Answer

Consumer surplus is the area between the demand curve and the price level, up to the quantity sold. Without a specific figure provided, we typically calculate this area as a triangle or a trapezoid, depending on the graph's shape. Given the options and common calculations for consumer surplus, $200 is a plausible estimate for a daily consumer surplus in a market scenario.

-The Above Figure Tells Us About the Market for Red