Consumer surplus is equal to the area
A) under the demand curve and above the supply curve.
B) above the supply curve and below the price line.
C) under the demand curve.
D) under the demand curve and above the price line.
D
You might also like to view...
If an event is likely to occur, which probability is a reasonable estimate?
A) 0.32 B) 0.79 C) 1 D) Not enough information to determine.
An example of moral hazard is
a. workers shirking when the boss is not looking b. health care insured dieting and exercising c. drivers of safer cars turning their phones off before driving d. borrowers investing their loan proceeds exactly as the bank requires
Endangered species are likely to be
A. common property. B. private property. C. both private and common property. D. neither private nor common property.
The income distribution of college graduates overlaps that of high school dropouts
Indicate whether the statement is true or false