Using Supply and Demand Curve Analysis, the Triangular Area Below

question 1

Multiple Choice

Using supply and demand curve analysis, the triangular area below the equilibrium price and above the supply curve is:

• A) ​consumer surplus.
• B) ​producer surplus.
• C) ​ marginal cost.
• D) ​deadweight loss. ​

---

Definitions:

Triplet

In quantum mechanics, a term often used to describe a system (such as an atomic or molecular state) that has three closely related energy levels or sub-states.

Spectral Data

Information derived from the interaction of electromagnetic radiation with matter, used to analyze and identify substances.

IR

Infrared radiation or spectroscopy, a technique used to identify and study chemicals through their absorption of infrared light.

Septet

A splitting pattern observed in nuclear magnetic resonance (NMR) spectroscopy indicating that a nucleus is coupled to six equivalent protons, giving seven peaks.