Total Surplus Is Represented by the Area

question 99

Multiple Choice

Total surplus is represented by the area

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

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Definitions:

Vitamin K

A fat-soluble vitamin essential for the synthesis of proteins required for blood coagulation and the binding of calcium in bones and other tissues.

Hemoglobin

Hemoglobin is the iron-containing oxygen-transport metalloprotein in the red blood cells of most vertebrates, responsible for the red color.

Carboxyhemoglobin

Carboxyhemoglobin is a complex of carbon monoxide and hemoglobin that forms in red blood cells upon exposure to carbon monoxide, preventing normal oxygen delivery to the body.

Carbaminohemoglobin

A compound of hemoglobin and carbon dioxide, and it is one of the ways in which carbon dioxide is transported in the blood.