(Figure: Demand Curve 2) Use the graph of a demand curve for monthly music streaming subscriptions to answer the following question. The vertical axis is the monthly price of a subscription and the horizontal axis is millions of monthly subscriptions for the market. What is the total consumer surplus if three million subscriptions are sold at a price of $4 each?

A)$8,000,000
B)$12,000,000
C)$15,000,000
D)$24,000,000

Question

(Figure: Demand Curve 2) Use the graph of a demand curve for monthly music streaming subscriptions to answer the following question. The vertical axis is the monthly price of a subscription and the horizontal axis is millions of monthly subscriptions for the market. What is the total consumer surplus if three million subscriptions are sold at a price of $4 each?

A)$8,000,000 
B)$12,000,000 
C)$15,000,000 
D)$24,000,000

Quizplus · Accepted Answer

The Answer of (Figure: Demand Curve 2) Use the graph of a demand curve for monthly music streaming subscriptions to answer the following question. The vertical axis is the monthly price of a subscription and the horizontal axis is millions of monthly subscriptions for the market. What is the total consumer surplus if three million subscriptions are sold at a price of $4 each?

A)$8,000,000 
B)$12,000,000 
C)$15,000,000 
D)$24,000,000

(Figure: Demand Curve 2) Use the Graph of a Demand