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Figure: Gain in Consumer Surplus
-(Figure: Gain in Consumer Surplus) Look at the figure Gain in Consumer Surplus.Identify the area(s) that represent the gain in consumer surplus to consumers already participating in the market when the price falls from P₁ to P₂.

Question

Use the following to answer questions :
Figure: Gain in Consumer Surplus

-(Figure: Gain in Consumer Surplus) Look at the figure Gain in Consumer Surplus.Identify the area(s) that represent the gain in consumer surplus to consumers already participating in the market when the price falls from P₁ to P₂.

Quizplus · Accepted Answer

The area B represents the gain in consumer surplus to consumers already participating in the market when the price falls from P1 to P2.

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