Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The diagram illustrates an individual demand curve. What is measured by XY?

  • Athe consumer surplus derived by the individual from the last unit consumed
  • Bthe equilibrium price of the good
  • Cthe quantity demanded by the individual at any given price
  • Dthe value of the individual’s marginal benefit from the last unit consumed

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