a. Consumer surplus is equal to the difference between the minimum price a seller is willing...

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a. Consumer surplus is equal to the difference between the minimum price a seller is willing to accept and the market price. the maximum price a buyer is willing to pay and the market price. the maximum price a seller is willing to accept and the market price. O the minimum price a buyer is willing to pay and the market price. b. Consumer surplus is shown graphically as the area under the demand curve and above the market price. O above the supply curve and below the market price. above the supply curve and above the market price. under the demand curve and below the market price. Think Week 7.pdf a. Consumer surplus is equal to the difference between the minimum price a seller is willing to accept and the market price. the maximum price a buyer is willing to pay and the market price. the maximum price a seller is willing to accept and the market price. O the minimum price a buyer is willing to pay and the market price. b. Consumer surplus is shown graphically as the area under the demand curve and above the market price. O above the supply curve and below the market price. above the supply curve and above the market price. under the demand curve and below the market price. Think Week 7.pdf

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ANSWER 1 D The minimum price a buyer is willing to pay and the market price The bid price is the amo... View the full answer