-In the above figure,the market is at its equilibrium.Area A is equal to
A) consumer surplus.
B) total revenue.
C) marginal benefit.
D) producer surplus.
E) total surplus.

Name: -In the above figure,the market is at its equilibrium.Area A is equal to A) consumer surplus. B) total revenue. C) marginal benefit. D) producer surplus. E) total surplus.
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Question

-In the above figure,the market is at its equilibrium.Area A is equal to
A) consumer surplus. 
B) total revenue. 
C) marginal benefit. 
D) producer surplus. 
E) total surplus.

Quizplus · Accepted Answer

Area A represents the consumer surplus, which is the area above the price level and below the demand curve up to the equilibrium quantity.

-In the Above Figure,the Market Is at Its Equilibrium