The Consumer Surplus Is

question 26

Multiple Choice

The consumer surplus is

• A)the area under the demand curve form the origin to the quantity purchased.
• B)the area under the supply curve form the origin to the quantity produced.
• C)the area under the demand curve but above the price line from the origin to the quantity purchased.
• D)the area under the supply curve but below the price line from the origin to the quantity purchased.

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Definitions:

Net Loss

The negative financial result that occurs when a company's total expenses exceed its total revenues during a specific period.

Revenues

Revenues are the total amount of money earned by a company for selling its goods, services, or both, within a certain accounting period.

Expenses

Costs incurred by a business or individual in the process of earning revenue.

Owner Financing

A method of financing in which the seller of a property provides a loan to the buyer directly, often with flexible terms.