Use the Following to Answer Question

question 191

Multiple Choice

Use the following to answer question:
-(Figure: Consumer Surplus I) Look at the figure Consumer Surplus I.If the price rises from P₁ to P₂,consumer surplus decreases by the area:

• A)ABP₂.
• B)AFP₁.
• C)BGF.
• D)P₁P₂BF.

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Definitions:

S Corporation

A type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing profits and some losses to be passed directly to owners' personal income without being subject to corporate tax rates.

Business Ownership

The legal possession and responsibility for an enterprise, involving rights to the profits and risks of losses.