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    Microeconomics Australia
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    Exam 6: Efficiency and Fairness of Markets
  5. Question
    -In the Figure Above, Suppose That $20 Is the Market
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-In the Figure Above, Suppose That $20 Is the Market

Question 70

Question 70

Multiple Choice

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


A) A
B) B
C) B ÷ A
D) B - A
E) A + B

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