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What is the combined total of consumer surplus

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Question - Four consumers, A, B, C, and D, are each willing to pay $9, $8, $7, and $6, respectively, to buy one unit of some good. Four producers, E, F, G, and H, are each able to produce one unit of that good at a cost of $3, $4, $5, and $6, respectively. At a price of $6, what is the combined total of consumer surplus and producer surplus in this market?

a. $8

b. $9

c. $10

d. $11

e. $12

Reference no: EM131660486

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