Use the following to answer question:
Figure: Market Demand
-(Figure: Market Demand) Look at the figure Market Demand. The amount by which the total benefits to consumers exceed their total expenditure is called _____, and if the price is B, is depicted by the area _____.
A) producer surplus; BCD
B) consumer surplus; 0CDE
C) consumer surplus; BCD
D) net benefit; 0BDE

Question

Use the following to answer question:
Figure: Market Demand 
-(Figure: Market Demand) Look at the figure Market Demand. The amount by which the total benefits to consumers exceed their total expenditure is called _____, and if the price is B, is depicted by the area _____.
A) producer surplus; BCD 
B) consumer surplus; 0CDE 
C) consumer surplus; BCD 
D) net benefit; 0BDE

Quizplus · Accepted Answer

The Answer of Use the following to answer question:
Figure: Market Demand 
-(Figure: Market Demand) Look at the figure Market Demand. The amount by which the total benefits to consumers exceed their total expenditure is called _____, and if the price is B, is depicted by the area _____.
A) producer surplus; BCD 
B) consumer surplus; 0CDE 
C) consumer surplus; BCD 
D) net benefit; 0BDE

Use the Following to Answer Question