Consumer Surplus Is the Area on the Graph

question 169

Multiple Choice

Consumer surplus is the area on the graph

• A) above the supply curve and below the demand curve.
• B) below the demand curve and above the market price.
• C) that represents the gains that producers receive when they sell a product.
• D) that reflect the opportunity cost of producing the a good.

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Definitions:

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Maintain Patient Confidentiality

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A legal document that grants someone the authority to act on another's behalf in financial or medical decisions, even if the grantor becomes incapacitated.