Refer to the Information Provided in Figure 4

question 34

Multiple Choice

Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D. Figure 4.6
-In figure 4.6 if price is P1, consumer surplus is area

• A) A.
• B) A+B+E.
• C) G.
• D) B+C+E+F+G.

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