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FIGURE 6-7 -Refer to Figure 6-7.Suppose That Price Is P0.Total Consumer Surplus

Question 15

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  FIGURE 6-7 -Refer to Figure 6-7.Suppose that price is P<sub>0</sub>.Total consumer surplus is then given by the area A) under the demand curve to the left of Q<sub>0</sub>. B) below P<sub>0</sub> and to the left of Q<sub>0</sub>. C) under the demand curve to the left of Q<sub>0</sub>,but above P<sub>0</sub>. D) under the entire demand curve. E) above the market price. FIGURE 6-7
-Refer to Figure 6-7.Suppose that price is P0.Total consumer surplus is then given by the area


A) under the demand curve to the left of Q0.
B) below P0 and to the left of Q0.
C) under the demand curve to the left of Q0,but above P0.
D) under the entire demand curve.
E) above the market price.

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