Use the following to answer question(s): Surplus and Demand

-(Exhibit: Surplus and Demand) The total benefit of consuming OE units is given by the area:
A) OCDE.
B) OBDE.
C) BCD.
D) OEDB.

Question

Use the following to answer question(s): Surplus and Demand
 
-(Exhibit: Surplus and Demand) The total benefit of consuming OE units is given by the area:
A) OCDE. 
B) OBDE. 
C) BCD. 
D) OEDB.

Quizplus · Accepted Answer

The total benefit of consuming OE units in a market is represented by the area under the demand curve up to the quantity OE, which is the area OCDE. This area captures the consumer surplus plus the amount paid by consumers.

Use the Following to Answer Question(s): Surplus and Demand