Figure 7-21
-Refer to Figure 7-21.When the price is P1,area A represents
A)total benefit.
B)producer surplus.
C)consumer surplus.
D)None of the above is correct.

Question

Figure 7-21 
-Refer to Figure 7-21.When the price is P1,area A represents
A)total benefit. 
B)producer surplus. 
C)consumer surplus. 
D)None of the above is correct.

Quizplus · Accepted Answer

The Answer of Figure 7-21 
-Refer to Figure 7-21.When the price is P1,area A represents
A)total benefit. 
B)producer surplus. 
C)consumer surplus. 
D)None of the above is correct.

Figure 7-21 -Refer to Figure 7-21.When the Price Is P1,area a Represents