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Use the following to answer questions
Figure: Understanding Surplus and Efficiency Use the following to answer questions  Figure: Understanding Surplus and Efficiency   -(Figure: Understanding Surplus and Efficiency) In the graph,what is the consumer surplus? A)  $30 B)  $40 C)  $60 D)  $20
-(Figure: Understanding Surplus and Efficiency) In the graph,what is the consumer surplus?


Definitions:

Assessed

Evaluated or estimated, often in the context of determining the value for tax purposes.

Value

The monetary, material, or assessed worth of an asset, good, or service.

Fraction

A mathematical expression representing a part of a whole or a division of quantities.

Percentage Form

A way to express a number as a fraction of 100.

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