Figure 7E -Refer to Figure 7E. Assume That the Function in the the Function

Multiple Choice

Figure 7E

-Refer to Figure 7E. Assume that the function in the figure measures WTP for visits to a national park. If the actual cost per visit is set above C0, then it must be that consumer surplus
is…

A) Equal to producer surplus.
B) Greater than area B.
C) Equal to area A.
D) Equal to area B.
E) Smaller than area B.