Figure 9-11
-Refer to Figure 9-11.Consumer surplus in this market before trade is
A)A.
B)B + C.
C)A + B + D.
D)C.

Name: Figure 9-11 -Refer to Figure 9-11.Consumer surplus in this market before trade is A)A. B)B + C. C)A + B + D. D)C.
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Question

Figure 9-11 
-Refer to Figure 9-11.Consumer surplus in this market before trade is
A)A. 
B)B + C. 
C)A + B + D. 
D)C.

Quizplus · Accepted Answer

Consumer surplus before trade is represented by area A, which is the difference between the maximum amount consumers are willing to pay and the market price.

Figure 9-11 -Refer to Figure 9-11.Consumer Surplus in This Market Before Trade