Figure 7-10

-Refer to Figure 7-10.At the equilibrium,total consumer surplus is represented by the area
A)a.
B)A + B + C.
C)D + E + F.
D)A + B + C + D + E + F.

Question

Figure 7-10
 
-Refer to Figure 7-10.At the equilibrium,total consumer surplus is represented by the area
A)a. 
B)A + B + C. 
C)D + E + F. 
D)A + B + C + D + E + F.

Quizplus · Accepted Answer

Total consumer surplus is represented by the area below the demand curve and above the equilibrium price, which is the sum of areas A, B, and C in the figure. Area D represents producer surplus, and areas E and F represent deadweight loss. Therefore, the correct answer is B, which includes total consumer surplus.

Figure 7-10 -Refer to Figure 7-10.At the Equilibrium,total Consumer Surplus Is Represented