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
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
Correct Answer:

Verified
Correct Answer:
Verified
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