When Looking at a Graph,the Area Under the Demand Curve

question 87

Multiple Choice

When looking at a graph,the area under the demand curve and above market price is defined as

• A) tax revenue.
• B) spending surplus.
• C) consumer benefit.
• D) producer surplus.
• E) consumer surplus.

---

Definitions:

Common Shares

Represents ownership equity in a corporation, providing voting rights and dividends to shareholders.

Board of Directors

A group of individuals elected to represent shareholders and govern the activities and policies of a corporation.

Corporate Promoter

An individual or entity that undertakes the creation and organization of a corporation, including the arrangement of its initial affairs.

Lease

A contract granting use or occupancy of property during a specified period in exchange for a specified rent or other terms.