In the above figure, the market is at its equilibrium. Area B is equal to
A) consumer surplus.
B) total revenue.
C) marginal benefit.
D) producer surplus.
E) total surplus.
D
Economics
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Suppose a bank has $200,000 in deposits and a reserve ratio of 15 percent. Its required reserves are
A) $350. B) $1,500. C) $3,000. D) $30,000.
Economics
Consider the demand functions:
A) Qd = 250 - 2P B) Qd = 300 - 3P Which of the demand functions reflects a higher level of consumer incomes? A) A B) B C) A and B reflect the same consumer incomes. D) More information is needed.
Economics