Figure 7.1 -Refer to Figure 7.1. at a Price of P₁, the Price

question 39

Multiple Choice

Figure 7.1

-Refer to Figure 7.1. At a price of P₁, the consumer surplus is represented by areas:

• A) 1
• B) 1 + 2
• C) 1 + 2 + 3 + 4
• D) 1 + 2 + 3 + 5
• E) 1 + 2 + 3 + 4 + 5 + 6