Use the following figure to answer the questions : Figure 10-2 :shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market. 
-Refer to Figure 10-2.What is the consumer surplus at the equilibrium level of output?
Definitions:
Current Year Financial Statements
Financial reports such as the balance sheet, income statement, and cash flow statement that reflect the company's financial performance and position for the ongoing fiscal year.
Adjusting Entries
Journal entries made at the end of an accounting period to update account balances before preparing financial statements.
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