-Refer to Exhibit 32-4.At the market equilibrium price of the good,consumers' surplus is the area
A) D + E
B) A + B + C + D + E
C) A + B + C
D) C + E
E) none of the above

Name: -Refer to Exhibit 32-4.At the market equilibrium price of the good,consumers' surplus is the area A) D + E B) A + B + C + D + E C) A + B + C D) C + E E) none of the above
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Question

-Refer to Exhibit 32-4.At the market equilibrium price of the good,consumers' surplus is the area
A) D + E 
B) A + B + C + D + E 
C) A + B + C 
D) C + E 
E) none of the above

Quizplus · Accepted Answer

Consumer surplus is the area above the market price and below the demand curve, which is represented by areas A, B, and C.