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Question 203

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Use the following to answer question: Use the following to answer question: -(Figure: The Market for Hybrid Cars) Use Figure: The Market for Hybrid Cars.What area represents consumer surplus if there is a binding price floor at P<sub>1</sub>? A) a B) a + b C) a + b + c D) a + b + d
-(Figure: The Market for Hybrid Cars) Use Figure: The Market for Hybrid Cars.What area represents consumer surplus if there is a binding price floor at P1?


A) a
B) a + b
C) a + b + c
D) a + b + d

Correct Answer:

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