-The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile phone) . If the price were zero, consumer surplus equals

Question

-The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile phone). If the price were zero, consumer surplus equals

Quizplus · Accepted Answer

Consumer surplus is the area under the demand curve and above the price level. If the price is zero, consumer surplus is the entire area under the demand curve. The total area under the demand curve is given as $1,250.00.

-The Above Figure Shows the Market Demand Curve for Mobile