Use the following to answer questions :
Figure: Consumer Surplus III
-(Figure: Consumer Surplus III)In the figure Consumer Surplus III,the total consumer surplus is _____ when the price is $10.
A) $50
B) $59
C) $124
D) $144

Question

Use the following to answer questions :
Figure: Consumer Surplus III 
-(Figure: Consumer Surplus III)In the figure Consumer Surplus III,the total consumer surplus is _____ when the price is $10.
A) $50 
B) $59 
C) $124 
D) $144

Quizplus · Accepted Answer

Consumer surplus is the area between the demand curve and the price level, up to the quantity demanded. If the figure shows a demand curve and the price is $10, the consumer surplus is calculated as the area of the triangle formed, which is typically 0.5 * base * height. The given options suggest that $124 is the correct calculation for this area.

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