(Figure: Determining Surplus) in the Graph, the Triangle Hik Represents

question 123

Multiple Choice

(Figure: Determining Surplus) In the graph, the triangle hik represents

• A) producer surplus.
• B) deadweight loss.
• C) total surplus.
• D) consumer surplus.

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Definitions:

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A method in economics that centers on how the distribution of goods, output, and income in markets is determined by the forces of supply and demand.

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