Consumer Surplus Is the Area on the Graph

question 169

Multiple Choice

Consumer surplus is the area on the graph

• A) above the supply curve and below the demand curve.
• B) below the demand curve and above the market price.
• C) that represents the gains that producers receive when they sell a product.
• D) that reflect the opportunity cost of producing the a good.

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Definitions:

Depression

Feelings of sadness and dejection, often accompanied by physiological change, such as a decreased functional activity.

Injury Prevention

Strategies and methods implemented to avoid or reduce the risk of bodily harm.

Babinski Reflex

A reflex action of the toes, especially in infants, where the big toe moves upward and the other toes fan out in response to the sole being stroked, indicative of neurological function.

Plantar Reflex

A reflex elicited when the sole of the foot is stimulated, leading to toe flexion or extension, indicative of neurological function.