Multiple Choice
Exhibit 7-6 
-Refer to Exhibit 7-6. If the market price equals P2, consumer surplus can be identified in the diagram as area:
A) A + B + E.
B) B + E.
C) A.
D) C + D + F.
Correct Answer:
Verified
Correct Answer:
Verified
Q118: Exhibit 7-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-14
Q119: Exhibit 7-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-11
Q120: Exhibit 7-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-12
Q121: Other things equal, for a given tax,
Q122: A tax in an industry would result
Q123: Exhibit 7-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-7
Q124: Exhibit 7-13 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 7-13
Q125: Consumer surplus equals the quantity supplied minus
Q126: The maximum price a buyer is willing
Q127: Other things being equal, the more elastic