When Looking at a Graph,the Area Above the Supply Curve

question 100

Multiple Choice

When looking at a graph,the area above the supply curve and below market price is defined as

• A) consumer surplus.
• B) producer surplus.
• C) producer benefit.
• D) business profit.
• E) tax revenue.

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Definitions:

Bandwidth

The maximum rate of data transfer across a given path or internet connection, measured in bits per second (bps).

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A decrease in the strength or quality of a transmitted signal over distance or due to interference.

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A device that amplifies the wireless signal from a router to expand its coverage area, improving the signal quality in distant or hard-to-reach areas within the network coverage.

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Hardware devices that enable a computer to communicate over a network with other computers or devices.