The Figure Below Shows the Market Equilibrium (Point B)at the Intersection

The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition. Figure 24.5 D: Market demand curve
S: Market supply curve
Refer to Figure 24.5.Which of the following regions on the graph represents consumer surplus in a perfectly competitive market?

A) The area P_PCBA
B) The area 0BP_PC
C) The area 0BA
D) Half of area P_PCBA
E) The area ABS

Correct Answer:

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