Figure 7-3
-Refer to Figure 7-3. When the price is P2, consumer surplus is
A) A.
B) B.
C) A+c.
D) A+B+d.

Name: Figure 7-3 -Refer to Figure 7-3. When the price is P2, consumer surplus is A) A. B) B. C) A+c. D) A+B+d.
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Question

Figure 7-3 
-Refer to Figure 7-3. When the price is P2, consumer surplus is
A) A. 
B) B. 
C) A+c. 
D) A+B+d.

Quizplus · Accepted Answer

Consumer surplus is the area below the demand curve and above the price line. When the price is P2, consumer surplus is the area A.

Figure 7-3 -Refer to Figure 7-3. When the Price Is P2, Consumer