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The Figure Below Shows the Market Equilibrium (Point B) at the Intersection

Question 27

Multiple Choice

The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition. Figure 10.5 The figure below shows the market equilibrium (point B)  at the intersection of demand and supply curves under perfect competition. Figure 10.5    D: Market demand curve S: Market supply curve -Refer to Figure 10.5.Which of the following regions on the graph represents consumer surplus in a perfectly competitive market? A) The area P<sub>PC</sub>BA B) The area 0BP<sub>PC</sub> C) The area 0BA D) Half of area P<sub>PC</sub>BA E) The area ABS
D: Market demand curve
S: Market supply curve
-Refer to Figure 10.5.Which of the following regions on the graph represents consumer surplus in a perfectly competitive market?


A) The area PPCBA
B) The area 0BPPC
C) The area 0BA
D) Half of area PPCBA
E) The area ABS

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