Figure 8-5

-Refer to Figure 8-5.Without a tax,consumer surplus in this market is
A)$1,500.
B)$2,400.
C)$3,000.
D)$3,600.

Name: Figure 8-5 -Refer to Figure 8-5.Without a tax,consumer surplus in this market is A)$1,500. B)$2,400. C)$3,000. D)$3,600.
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Question

Figure 8-5
 
-Refer to Figure 8-5.Without a tax,consumer surplus in this market is
A)$1,500. 
B)$2,400. 
C)$3,000. 
D)$3,600.

Quizplus · Accepted Answer

Consumer surplus is the area below the demand curve and above the price level. Without a tax, the entire area under the demand curve up to the equilibrium price is considered, which is $3,600.

Figure 8-5 -Refer to Figure 8-5.Without a Tax,consumer Surplus in This Market