The following image shows a market. If there is no government intervention in the market, the consumer surplus is represented by the area equal to _____.
Figure 16.4

Question

The following image shows a market. If there is no government intervention in the market, the consumer surplus is represented by the area equal to _____.​ ​
Figure 16.4
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Quizplus · Accepted Answer

Consumer surplus is represented by the area above the market price and below the demand curve. This area is made up of triangles A and B and rectangle E. Therefore, the correct answer is A+ B + E, which is the total consumer surplus in the market without government intervention.

The Following Image Shows a Market