The following figure shows the market demand curve for calcu

The following figure shows the market demand curve for calculators. Price (S) make 0 1 2 3 4 5 6 Quantity (in hundred units) Refer to the figure above. What is the market-wide consumer surplus when the market price of calculators is $6? OA. S35 ??.s20 OC. S70 O D. $50 Click to select your answer t conseque average taxes and higher marginal tax system thench earn ahighshare ofthe pay even a higher share of total taxes. For e PrtScn Home F3 F4 F6 F7 8 4 6

Solution

Consumer surplus is the area above the market price and below the demand curve.

At price $6 consumer surplus is (1/2)*(7-6)*100=$50

Option D is correct.