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

Question

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

Quizplus · Accepted Answer

Consumer surplus is the difference between the highest price consumers are willing to pay for a good or service and the price they actually pay. In the given graph, consumer surplus after trade is the sum of areas A, B, and D, which equals to (A + B + D). Thus, the correct choice is (C).

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