-Refer to Exhibit E-4, which represents Chad's demand for bicycle rentals. If the bicycle rental equilibrium price is $4 an hour, Chad's consumer surplus for his third hour of bicycle rental is
A) $0
B) $2
C) $4
D) $6
E) $8

Question

-Refer to Exhibit E-4, which represents Chad's demand for bicycle rentals. If the bicycle rental equilibrium price is $4 an hour, Chad's consumer surplus for his third hour of bicycle rental is
A) $0 
B) $2 
C) $4 
D) $6 
E) $8

Quizplus · Accepted Answer

The Answer of 
-Refer to Exhibit E-4, which represents Chad's demand for bicycle rentals. If the bicycle rental equilibrium price is $4 an hour, Chad's consumer surplus for his third hour of bicycle rental is
A) $0 
B) $2 
C) $4 
D) $6 
E) $8

-Refer to Exhibit E-4, Which Represents Chad's Demand for Bicycle