Figure 7-19

-Refer to Figure 7-19.At equilibrium,total surplus is represented by the area
A) A+B+C.
B) A+B+D+F.
C) A+B+C+D+H+F.
D) A+B+C+D+H+F+G+I.

Name: Figure 7-19 -Refer to Figure 7-19.At equilibrium,total surplus is represented by the area A) A+B+C. B) A+B+D+F. C) A+B+C+D+H+F. D) A+B+C+D+H+F+G+I.
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Question

Figure 7-19
 
-Refer to Figure 7-19.At equilibrium,total surplus is represented by the area
A) A+B+C. 
B) A+B+D+F. 
C) A+B+C+D+H+F. 
D) A+B+C+D+H+F+G+I.

Quizplus · Accepted Answer

At equilibrium, total surplus is represented by the sum of consumer surplus (area A+B+D), producer surplus (area F+H+C), and government revenue (area G), which is A+B+C+D+H+F.

Figure 7-19 -Refer to Figure 7-19.At Equilibrium,total Surplus Is Represented by the Is