In the above figure, if the market produces the efficient amount ...

[student77]

In the above figure, if the market produces the efficient amount of purses, then consumer surplus equals triangle
 
  A) abc.
  B) bcd.
  C) adc.
  D) cgf.

Question 2

The equilibrium price is the price at which the quantity
 
  A) sold equals the quantity bought.
  B) demanded equals the quantity sold.
  C) demanded equals the quantity supplied.
  D) supplied equals the quantity bought.

[mtmmmmmk]

Answer to Question 1

A

Answer to Question 2

C

[student77]

Correct answers!

[mtmmmmmk]

Great! Please up vote