In the diagram, consumer surpluses before and after the tax are ______ and ______, respectively. A + B; B A + B + C; A D + E + F; B B + C; A + B Price$10's8АТаx76ВC5EF210 1 2 3 4 5 6 7 8 9 10 11 12 Quantityst

In economics, consumers surplus is the gain that the consumers will receives by paying less than…

Answered: Price $10 's 8 А Таx 7 6 В C 5 E F 2 1…

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Economics

Price $10 's 8 А Таx 7 6 В C 5 E F 2 1 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity st

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the diagram, consumer surpluses before and after the tax are ______ and ______, respectively.

	A + B; B
	A + B + C; A
	D + E + F; B
	B + C; A + B

Price
$10
's
8
А
Таx
7
6
В
C
5
E
F
2
1
0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity
st

Consumer’s gain from trade. The consumer surplus is the area below the demand curve but above the equilibrium price and up to the equilibrium quantity. Consumer surplus is represented by area A.

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