-In the figure above,suppose that $20 is the market equilibrium price.Which area is the consumer surplus?
A) A
B) B
C) A + B
D) B - A
E) B ÷ A

Name: -In the figure above,suppose that $20 is the market equilibrium price.Which area is the consumer surplus? A) A B) B C) A + B D) B - A E) B ÷ A
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Question

-In the figure above,suppose that $20 is the market equilibrium price.Which area is the consumer surplus?
A) A 
B) B 
C) A + B 
D) B - A 
E) B ÷ A

Quizplus · Accepted Answer

Consumer surplus is the area above the market price and below the demand curve, up to the quantity traded. In this context, area A represents the consumer surplus.

-In the Figure Above,suppose That $20 Is the Market Equilibrium