When Looking at a Graph,the Area Under the Demand Curve

question 87

Multiple Choice

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

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

---

Definitions:

Bank

A financial institution licensed to receive deposits and make loans, and may offer various other financial services.

Negotiable

Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.

Form Of Phrase

The particular way in which a phrase is constructed or expressed.

Pay To The Order Of

A phrase written on checks to designate who has the authority to receive the amount specified on the check.