Suppose That a Market Is in Equilibrium

question 37

Multiple Choice

Suppose that a market is in equilibrium.The area between the demand curve and the market price is

• A)total economic surplus.
• B)producer surplus.
• C)consumer surplus.
• D)the deadweight loss.
• E)the degree of overconsumption.

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The process of determining the likelihood that a potential customer has interest, as well as the authority and financial capacity, to complete a purchase.

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