C 1. Consumer surp... Soap2Day Google YouTube Twitch HFC SOAP2DAY DPS HFC Online My Courses " This Course " Student Services " HFC Online Video Tutorials shboard / My courses / 22/FA (BEC-152-97) / UNIT #7 - Consumer Surplus and Producer Surplus / MCQ: Gains from Trade mation ag For the questions that follow, refer to the supply and demand model below, with the shaded areas A, B, and C. Quiz navi tion price 5 $85 Finish atten A $50 B C $10 quantity 60 stion 1 Which area represents the total spending (or total revenue) in this market? yet vered a. A+ B+C Student Services > HFC Online Video Tutorials Question 3 What is the meaning of area A? Not yet answered a. Total value Points out of 1.00 O b. Consumer surplus Flag c. Producer surplus question d. Total cost Question 4 Which area represents total surplus (producer surplus plus consumer surplus) in this market? Not yet answered A +B+C Points out of 1.00 . A+C P Flag C. B+C question d. A+B Question 5 Which area represents the total cost of this good to the producers in this market? Not yet answered a. A+B+C Points out of 1.00 O b. B Flag O c. C question O d. B+C Finish attempt