refer to the diagram to the right which shows the demand and supply curves for the almond market. the…

refer to the diagram to the right which shows the demand and supply curves for the almond market. the government believes that the equilibrium price is too low and tries to help almond growers by setting a price - floor at p1. what area represents consumer surplus after the imposition of the price floor?\na. a\nb. a + b\nc. a + b + e + f\nd. a + b + e

refer to the diagram to the right which shows the demand and supply curves for the almond market. the government believes that the equilibrium price is too low and tries to help almond growers by setting a price - floor at p1. what area represents consumer surplus after the imposition of the price floor?\na. a\nb. a + b\nc. a + b + e + f\nd. a + b + e

Answer

Brief Explanations:

Consumer surplus is the area below the demand curve and above the price. With the price - floor at $P_1$, consumers who are willing to pay above $P_1$ get a surplus. The area above the price - floor and below the demand curve is area A.

Answer:

A. A