-In the figure above,if the market price is $12,then the total consumer surplus is
A) $12.
B) $10.
C) minimized.
D) $240.
E) $480.

Question

-In the figure above,if the market price is $12,then the total consumer surplus is
A) $12. 
B) $10. 
C) minimized. 
D) $240. 
E) $480.

Quizplus · Accepted Answer

Consumer surplus is the area between the demand curve and the market price, up to the quantity sold. If the market price is $12, the total consumer surplus is calculated based on the area of the triangle formed by the demand curve and the price line at $12. The correct calculation leads to a total consumer surplus of $240.

-In the Figure Above,if the Market Price Is $12,then the Total