Figure 7-24
-Refer to Figure 7-24.At equilibrium,consumer surplus is measured by the area
A)AHG.
B)AFB.
C)ABD.
D)BDF.

Name: Figure 7-24 -Refer to Figure 7-24.At equilibrium,consumer surplus is measured by the area A)AHG. B)AFB. C)ABD. D)BDF.
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Question

Figure 7-24 
-Refer to Figure 7-24.At equilibrium,consumer surplus is measured by the area
A)AHG. 
B)AFB. 
C)ABD. 
D)BDF.

Quizplus · Accepted Answer

Consumer surplus is measured by the area above the price but below the demand curve, up to the quantity where the demand curve intersects the price. At equilibrium, this is the triangular area AFB.

Figure 7-24 -Refer to Figure 7-24.At Equilibrium,consumer Surplus Is Measured by the Measured