Use the following to answer question:
-(Figure: A Market in Equilibrium)Look at the figure A Market in Equilibrium.At the equilibrium price,this market's consumer surplus is equal to the area:
A)ABC.
B)ADI.
C)DIF.
D)EHF.

Question

Use the following to answer question: 
-(Figure: A Market in Equilibrium)Look at the figure A Market in Equilibrium.At the equilibrium price,this market's consumer surplus is equal to the area:
A)ABC. 
B)ADI. 
C)DIF. 
D)EHF.

Quizplus · Accepted Answer

Consumer surplus is the area above the equilibrium price and below the demand curve, which is represented by the area ADI.

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