Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.
Equilibrium in this market occurs at the intersection of curves S and D. Figure 4.6
-Refer to Figure 4.6. The area of [A + B + C] represents
A) producer surplus.
B) consumer surplus.
C) consumer surplus plus producer surplus.
D) consumer surplus minus producer surplus.

Question

Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.
Equilibrium in this market occurs at the intersection of curves S and D.  Figure 4.6
-Refer to Figure 4.6. The area of [A + B + C] represents
A) producer surplus. 
B) consumer surplus. 
C) consumer surplus plus producer surplus. 
D) consumer surplus minus producer surplus.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.
Equilibrium in this market occurs at the intersection of curves S and D.  Figure 4.6
-Refer to Figure 4.6. The area of [A + B + C] represents
A) producer surplus. 
B) consumer surplus. 
C) consumer surplus plus producer surplus. 
D) consumer surplus minus producer surplus.

Refer to the Information Provided in Figure 4