Graph 10-2 This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, consumer surplus would be maximised at what price and quantity combination?
A)P₁, Q₁
B)P₂, quantity of zero
C)price of zero, Q₂
D)P₀, Q₂

Question

Graph 10-2  This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, consumer surplus would be maximised at what price and quantity combination?
A)P₁, Q₁ 
B)P₂, quantity of zero 
C)price of zero, Q₂ 
D)P₀, Q₂

Quizplus · Accepted Answer

Consumer surplus is maximized when goods are provided free of charge (price of zero) to consumers, as this maximizes the area between the demand curve and the price level, up to the quantity Q₂ where demand meets supply.

Graph 10-2 This Graph Depicts the Market for Pork