The Following Diagram Shows a Market Equilibrium

question 121

Multiple Choice

The following diagram shows a market equilibrium. D is the demand curve for a good and S is the supply curve of the good. The consumer surplus at a price of $b is given by the area: ​
Figure 6.6​
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• A)below the curve D and above the curve S.
• B)below the curve D and above the market price of $b.
• C)below the curve D and above the market price of $d.
• D)above the curve D.
• E)below the curve S.

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