On a Graph,the Area Below a Demand Curve and Above

question 26

Multiple Choice

On a graph,the area below a demand curve and above the price measures

• A)producer surplus.
• B)consumer surplus.
• C)deadweight loss.
• D)willingness to pay.

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Definitions:

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An American cognitive psychologist known for his theory of multiple intelligences.

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The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification of mental disorders by the American Psychiatric Association.