The equilibrium point in the market is where S and D curve intersect. Refer to the graph above. At equilibrium, the minimum acceptable revenue that sellers would have been willing to receive is represented by the area:
A) b
B) b + c
C) a + b
D) c

Question

The equilibrium point in the market is where S and D curve intersect.  Refer to the graph above. At equilibrium, the minimum acceptable revenue that sellers would have been willing to receive is represented by the area:
A) b 
B) b + c 
C) a + b 
D) 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 minimum acceptable revenue that sellers would have been willing to receive is represented by the area:
A) b 
B) b + c 
C) a + b 
D) c

The Equilibrium Point in the Market Is Where S and D