In a supply and demand graph, the triangular area under the demand curve but above the market

Question:

In a supply and demand graph, the triangular area under the demand curve but above the market price is

a. the consumer surplus.

b. the producer surplus.

c. the marginal cost.

d. the deadweight loss.

e. the net gain to society from trading that good.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 03:01 AM

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In a supply and demand graph, the triangular area under the demand curve but above the market

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