Consider a Downward-Sloping Demand Curve.Consumer Surplus Is

question 34

Multiple Choice

Consider a downward-sloping demand curve.Consumer surplus is

• A)the difference between the market price of the good and the cost of the good.
• B)greater on the last unit sold than on the first unit sold.
• C)greater on the first unit sold than on the last unit sold.
• D)equal to price multiplied by quantity sold.
• E)equal to the area below the demand curve.

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