According to the graph shown,consumer surplus is:
A) $10.
B) $15.
C) $20.
D) $30.

Question

According to the graph shown,consumer surplus is:
A) $10. 
B) $15. 
C) $20. 
D) $30.

Quizplus · Accepted Answer

Consumer surplus is the difference between the willingness to pay and the actual price paid. In this case, the willingness to pay for the third unit is $15, but the price paid is only $5, resulting in a consumer surplus of $10 for that unit. Adding up the surpluses for all three units gives a total consumer surplus of $15, which is option B.

According to the Graph Shown,consumer Surplus Is