Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D. Figure 4.6
-In figure 4.6 if price goes from equilibrium to P1, consumer surplus changes by the area
A) E-C.
B) C+E.
C) E+F.
D) B-F.

Question

Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D.  Figure 4.6
-In figure 4.6 if price goes from equilibrium to P1, consumer surplus changes by the area
A) E-C. 
B) C+E. 
C) E+F. 
D) B-F.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D.  Figure 4.6
-In figure 4.6 if price goes from equilibrium to P1, consumer surplus changes by the area
A) E-C. 
B) C+E. 
C) E+F. 
D) B-F.

Refer to the Information Provided in Figure 4