Economics (AS & A Level) · Oct / Nov 2023 · Paper 13 · Question 5

The diagram shows the market for computers in Pakistan. [diagram: price on vertical axis, quantity on horizontal axis; supply curve upward sloping from O, demand curve downward sloping from W; intersection at Y with price X and quantity Z] Which areas represent consumer surplus and consumer expenditure?

1. Aconsumer surplus WXY; consumer expenditure OXY
2. Bconsumer surplus WXY; consumer expenditure OXYZ
3. Cconsumer surplus WYO; consumer expenditure OXYZ
4. Dconsumer surplus WYO; consumer expenditure OYZ

As printed in the paper