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Question 98

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Figure: Market Demand Use the following to answer question: Figure: Market Demand -(Figure: Market Demand) Look at the figure Market Demand. The amount by which the total benefits to consumers exceed their total expenditure is called _____, and if the price is B, is depicted by the area _____. A) producer surplus; BCD B) consumer surplus; 0CDE C) consumer surplus; BCD D) net benefit; 0BDE
-(Figure: Market Demand) Look at the figure Market Demand. The amount by which the total benefits to consumers exceed their total expenditure is called _____, and if the price is B, is depicted by the area _____.


A) producer surplus; BCD
B) consumer surplus; 0CDE
C) consumer surplus; BCD
D) net benefit; 0BDE

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