Refer to the graph above. At equilibrium, consumer surplus would be represented by the area: A) a b B) a b c C) a D) b c

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20-07-2022
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Refer to the graph above. At equilibrium, consumer surplus would be represented by the area: A) a b B) a b c C) a D) b c

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azikennamdi azikennamdi · Answer 1 · 2022-07-25T19:26:13+02:00

azikennamdi azikennamdi

25-07-2022

Given the information in the attached graph, at equilibrium, consumer surplus would be represented by the area: "d"

What is equilibrium?

The point of equilibrium is the Price - point on the graph where Demand and Supply coincide.

Hence, it is right to stat that the portion of the graph that demonstrates excess demand is "d".

Learn more about consumer surplus at;
https://brainly.com/question/380921

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