-In figure 14-1,which area represents total net benefits gained in the market
A)A + B
B)B + D
C)A + C
D)B + C
E)A + E

Question

-In figure 14-1,which area represents total net benefits gained in the market
A)A + B 
B)B + D 
C)A + C 
D)B + C 
E)A + E

Quizplus · Accepted Answer

Total net benefits in a market are represented by the area of consumer surplus plus producer surplus, which is typically shown as the area above the supply curve and below the demand curve up to the equilibrium quantity. In this context, it is represented by the areas B + C.

-In Figure 14-1,which Area Represents Total Net Benefits Gained in the Market