In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the total maximum amount that consumers would have been willing to pay 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 maximum amount that consumers would have been willing to pay 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 maximum amount that consumers would have been willing to pay 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