Figure 13.6

-Refer to Figure 13.6.What is the area that represents consumer surplus under a monopoly?
A)the triangle P₀P₁F
B)the triangle P₀P₂E
C)the trapezium P₁P₂EF
D)the rectangle P₁P₃HF

Question

Figure 13.6
 
-Refer to Figure 13.6.What is the area that represents consumer surplus under a monopoly?
A)the triangle P₀P₁F 
B)the triangle P₀P₂E 
C)the trapezium P₁P₂EF 
D)the rectangle P₁P₃HF

Quizplus · Accepted Answer

In a monopoly, consumer surplus is represented by the area above the price level and below the demand curve, up to the quantity sold. The triangle P₀P₁F represents this area.

Figure 13.6 -Refer to Figure 13.6.What Is the Area That Represents Consumer