Use the figure below to answer the following questions.

Figure 5.2.2
-Refer to Figure 5.2.2. If the price is P₀, consumer surplus is
A)A.
B)B plus C.
C)D plus E.
D)A plus B plus C.
E)A plus B plus C plus D plus E.

Question

Use the figure below to answer the following questions.
  
Figure 5.2.2
-Refer to Figure 5.2.2. If the price is P₀, consumer surplus is
A)A. 
B)B plus C. 
C)D plus E. 
D)A plus B plus C. 
E)A plus B plus C plus D plus E.

Quizplus · Accepted Answer

Consumer surplus is the area above the price line and below the demand curve. In this case, consumer surplus is represented by A + B + C. Therefore, the correct choice is D, as it includes A, B, and C.

Use the Figure Below to Answer the Following Questions