When Looking at a Graph,the Area Above the Supply Curve

question 100

Multiple Choice

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

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

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Definitions:

Public Modifiers

Keywords in programming languages that specify the visibility of classes, methods, or variables to other parts of the program.

Private Modifiers

Keywords in object-oriented programming languages used to restrict access to members of a class (such as variables or methods) from outside the class.

Instance Variables

Variables defined in a class for which each instantiated object of the class has its own separate copy, or instance.

Mutator Methods

Methods designed to set or modify the values of an object's attributes while keeping the encapsulation principle intact.