The accompanying graph represents the purely competitive market for a product. When the market is at equilibrium, the consumer surplus would be represented by the area
A)a + b + c + d.
B)a + b + c.
C)a.
D)b + c.

Question

The accompanying graph represents the purely competitive market for a product. When the market is at equilibrium, the consumer surplus would be represented by the area
A)a + b + c + d. 
B)a + b + c. 
C)a. 
D)b + c.

Quizplus · Accepted Answer

The Answer of  The accompanying graph represents the purely competitive market for a product. When the market is at equilibrium, the consumer surplus would be represented by the area
A)a + b + c + d. 
B)a + b + c. 
C)a. 
D)b + c.

The Accompanying Graph Represents the Purely Competitive Market for a Product