FIGURE 6-6
-Refer to Figure 6-6.Suppose the market price is p*.In this case,the total value consumers place on consuming Q* units is outlined by the area

Name: FIGURE 6-6 -Refer to Figure 6-6.Suppose the market price is p*.In this case,the total value consumers place on consuming Q* units is outlined by the area
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Question

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The total value consumers place on consuming Q* units is outlined by the area ACDE. This is the total consumer surplus. Therefore, the best choice is D.

FIGURE 6-6 -Refer to Figure 6-6.Suppose the Market Price Is P*.In This