Question: Table 7-4 Price Quantity Quantity Demanded Supplied $18 0 12 $15 4 10 $ 12 8 8 $ 9 12 6 $ 6 16 4

Table 7-4

Price Quantity Quantity
Demanded Supplied
$18 0 12
$15 4 10
$ 12 8 8
$ 9 12 6
$ 6 16 4
$ 3 20 2

Refer to Table 7-4. At the equilibrium price, what would consumer surplus be?

A.) 12$

B.) 20$

C.) 24$

D.) 48$

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