The following figure shows the demand and supply curves for bottled water.

-Refer to the figure above.What is the consumer surplus in the market?
A) $60
B) $90
C) $120
D) $160

Question

The following figure shows the demand and supply curves for bottled water.
 
-Refer to the figure above.What is the consumer surplus in the market?
A) $60 
B) $90 
C) $120 
D) $160

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve. Without the figure, we assume the given options are calculated based on this principle, and $120 is the correct consumer surplus value.

The Following Figure Shows the Demand and Supply Curves for Bottled