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JAMB Economics 1987 Question 26

Question 26

Theory of Consumer Behaviour

In which of the diagrams above is the consumer surplus correctly shaded?

Diagram for this question
  1. A.I
  2. B.II
  3. C.III
  4. D.IV
Show the answer and explanation

Answer: D (IV)

Explanation

Consumer surplus is the area below the demand curve and above the price line. Only diagram IV shades that triangle.