The equilibrium point in the market is where S and D curve intersect. Refer to the graph above. At equilibrium, the total amount of spending that consumers would be paying for the product is represented by the area:
A) a + b
B) a + b + c
C) a
D) b + c

Question

The equilibrium point in the market is where S and D curve intersect.  Refer to the graph above. At equilibrium, the total amount of spending that consumers would be paying for the product is represented by the area:
A) a + b 
B) a + b + c 
C) a 
D) b + c

Quizplus · Accepted Answer

The Answer of The equilibrium point in the market is where S and D curve intersect.  Refer to the graph above. At equilibrium, the total amount of spending that consumers would be paying for the product is represented by the area:
A) a + b 
B) a + b + c 
C) a 
D) b + c

The Equilibrium Point in the Market Is Where S and D