Consumer Surplus

question 18

Multiple Choice

Consumer surplus:

• A) does not exist in equilibrium.
• B) is illustrated by the area under the demand curve and above the market price.
• C) is illustrated by the area under the demand curve and below the market price.
• D) is illustrated by the area above the supply curve and under the demand curve.

---

Definitions:

Motivated

Refers to the drive or desire to achieve goals, pursue activities, or accomplish tasks.

Chewing Gum

A flavored and sweetened rubbery substance intended to be chewed without being swallowed.

Distracting

Causing one's attention to be diverted from a task or train of thought.

Empathetic

The ability to understand and share the feelings of another.