In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the total amount of spending that consumers would be paying for the product is
Represented by the area
A) a + b.
B) a + b + c.
C) a.
D) b + c.

Question

In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the total amount of spending that consumers would be paying for the product is
Represented by the area
A) a + b. 
B) a + b + c. 
C) a. 
D) b + c.

Quizplus · Accepted Answer

The Answer of  In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the total amount of spending that consumers would be paying for the product is
Represented by the area
A) a + b. 
B) a + b + c. 
C) a. 
D) b + c.

In the Provided Graph, the Equilibrium Point in the Market