According to the graph shown,if the market is in equilibrium,consumer surplus is area:
A)A.
B)A + B + C.
C)A + B + C + D + E.
D)D + E.

Name: According to the graph shown,if the market is in equilibrium,consumer surplus is area: A)A. B)A + B + C. C)A + B + C + D + E. D)D + E.
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Question

According to the graph shown,if the market is in equilibrium,consumer surplus is area:
A)A. 
B)A + B + C. 
C)A + B + C + D + E. 
D)D + E.

Quizplus · Accepted Answer

Consumer surplus is the area above the market price and below the demand curve, up to the quantity purchased. Therefore, in this graph, consumer surplus is area A + B + C.

According to the Graph Shown,if the Market Is in Equilibrium,consumer