Assuming the market is in equilibrium in the graph shown with demand D and supply S₂ at a quantity of 8,consumer surplus is: A) $32. B) $11. C) $7. D) equal to the producer surplus.

Question

Quizplus · Accepted Answer

The Answer of Assuming the market is in equilibrium in the graph shown with demand D and supply S₂ at a quantity of 8,consumer surplus is: A) $32. B) $11. C) $7. D) equal to the producer surplus.

Assuming the Market Is in Equilibrium in the Graph Shown