Table 7-4

-Refer to Table 7-4.At the equilibrium price,what would consumer surplus be
A)$12
B)$20
C)$24
D)$48

Name: Table 7-4 -Refer to Table 7-4.At the equilibrium price,what would consumer surplus be A)$12 B)$20 C)$24 D)$48
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Question

Table 7-4
 
-Refer to Table 7-4.At the equilibrium price,what would consumer surplus be
A)$12 
B)$20 
C)$24 
D)$48

Quizplus · Accepted Answer

Consumer surplus is the area above the equilibrium price and below the demand curve. Without the table, we assume the correct answer based on typical calculations.

Table 7-4 -Refer to Table 7-4.At the Equilibrium Price,what Would Consumer Surplus