-In the Figure Above,suppose the Market Is at Equilibrium

question 183

Multiple Choice

-In the figure above,suppose the market is at equilibrium.Then area A is the

• A) marginal benefit.
• B) marginal cost.
• C) amount of the consumer surplus.
• D) amount of the producer surplus.
• E) deadweight loss.

---

Definitions:

Oxidation Number

A measure of the degree of oxidation of an atom in a substance, indicating the number of electrons lost or gained by an atom.

Oxidation Number

An indicator of how much an atom in a substance has been oxidized, shown by the quantity of electrons it has either gained or lost.

Reaction

A reaction involves the transformation of one or more substances into different substances through the breaking and forming of chemical bonds.

Exothermic

An exothermic reaction is a chemical reaction that releases heat and energy to its surroundings.