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:

Soybean Oil

A vegetable oil extracted from the seeds of the soybean, used in cooking and in the production of various food products and industrial applications.

Unsaturated Fatty Acid

A fatty acid that contains one or more double bonds between carbon atoms, which can influence the fluidity of cell membranes and are often found in plant oils.

Saturated Fatty Acid

A type of fatty acid where all carbon atoms are bonded to hydrogen atoms, without any double bonds.

Lecithin

A fatty substance found in plant and animal tissues, used as an emulsifier in food products, as well as in pharmaceutical and cosmetic formulations.