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Assuming the Market Is in Equilibrium in the Graph Shown

Question 65

Multiple Choice

Assuming the market is in equilibrium in the graph shown with demand D and supply S<sub>2</sub> at a quantity of 8, consumer surplus is: A) $32. B) $11. C) $7. D) equal to the producer surplus. Assuming the market is in equilibrium in the graph shown with demand D and supply S2 at a quantity of 8, consumer surplus is:


A) $32.
B) $11.
C) $7.
D) equal to the producer surplus.

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