Which Area Is Total Surplus in a Market

question 183

Multiple Choice

Which area is total surplus in a market

• A)the total area under the demand curve and above the price
• B)the total area above the supply curve and up to the equilibrium price
• C)the total area under price and up to the point of equilibrium
• D)the total area between the demand and supply curves up to the point of equilibrium

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Definitions:

Judicial System

The branch of government responsible for interpreting the law, administering justice, and resolving legal disputes.

Policy Gaps

Situations where there is a lack of adequate policies to address certain issues or challenges, often leading to unmet needs or inefficiencies.

Dispute

A disagreement, conflict, or argument between parties over a particular issue, which may necessitate resolution through negotiation, mediation, or legal means.

Colleagues

Refers to individuals working together in the same organization or profession, often implying a peer relationship.