Refer to the accompanying figure to answer the questions that follow.

-The consumer surplus associated with this profit-maximizing monopoly is represented by areas:
A) A + B.
B) B + D + E + G + H.
C) F + G + H + I.
D) A + B + C + D + E.
E) E + H.

Question

Refer to the accompanying figure to answer the questions that follow.
 
-The consumer surplus associated with this profit-maximizing monopoly is represented by areas:
A) A + B. 
B) B + D + E + G + H. 
C) F + G + H + I. 
D) A + B + C + D + E. 
E) E + H.

Quizplus · Accepted Answer

The consumer surplus is the difference between the price consumers are willing to pay for a good and the price they actually pay. In this case, the consumer surplus is represented by the area above the equilibrium price and below the demand curve. This area is labeled A + B.

Refer to the Accompanying Figure to Answer the Questions That