-In the above figure, if the price is $2, then the total consumer surplus is
A) triangle abc.
B) triangle cef.
C) trapezoid adec.
D) trapezoid bdfc.

Name: -In the above figure, if the price is $2, then the total consumer surplus is A) triangle abc. B) triangle cef. C) trapezoid adec. D) trapezoid bdfc.
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Question

-In the above figure, if the price is $2, then the total consumer surplus is
A) triangle abc. 
B) triangle cef. 
C) trapezoid adec. 
D) trapezoid bdfc.

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve. If the price is $2, the consumer surplus is represented by the area of triangle abc.

-In the Above Figure, If the Price Is $2, Then