Refer to Figure 1.1. Consumer surplus in the market above, with no tax, equals
a. area d+e+f
b. area a+b+c
c. area a
d. area f
Answer: B
Refer to Figure 1.1. Consumer surplus in the market above, with no tax, equals
a. area d+e+f
b. area a+b+c
c. area a
d. area f
Answer: B