Refer to the Figure Below

question 16

Multiple Choice

Refer to the figure below. When the market is unregulated, consumer surplus is represented by the area:

• A)AJE
• B)ABC
• C)AGI
• D)DBC

---

Definitions:

Opportunity Cost

The benefit that is missed or given up when an investor, individual, or business chooses one alternative over another.

Proposed Use

An intended or suggested way of utilizing something, often laid out in plans or discussions before implementation.

Cash

Physical money, such as coins and bills, or balances in checking or savings accounts, available for use immediately.

Differential Analysis

A decision-making process that focuses on the costs and benefits that change between decision alternatives.