Explanation it correctly The figure shows the demand curve for succulent starts at the Zen Succulent.QQPrice8+7-6-5-At3-2-1-0+0 10 20 30 40 50 60 70 80 90QuantityIf the price of a succulent start is $4, what is consumer surplus?OA. $80OB. $320OC. $160OD. $40

The consumer surplus is the benefits earned by the consumers in the market at the equilibrium or…

The figure shows the demand curve for Price 8- 7- 6- 5- 3- 2- 04 0 10 20 30 40 50 60 70 80 90 Quantity If the price of a succulent start is $4, what is consumer surplus? OA. $80 OB. $320 OC. $160 OD. $40

The figure shows the demand curve for Price 8- 7- 6- 5- 3- 2- 04 0 10 20 30 40 50 60 70 80 90 Quantity If the price of a succulent start is $4, what is consumer surplus? OA. $80 OB. $320 OC. $160 OD. $40

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 2PA

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Question

Explanation it correctly

The figure shows the demand curve for succulent starts at the Zen Succulent.
Q
Q
Price
8+
7-
6-
5-
At
3-
2-
1-
0+
0 10 20 30 40 50 60 70 80 90
Quantity
If the price of a succulent start is $4, what is consumer surplus?
OA. $80
OB. $320
OC. $160
OD. $40

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