Question 8 1 pts Graphically. producer surplus is measured as the area 0 above the supply curve and below the actual price. O above the supply curve and above the actual price. 0 under the demand curve and above the actual price. O under the demand curve and below the actual price. Question 9 1 pts Suppose that a large tree on Betty's property is blocking Chuck's View of the lake below. Betty accepts Chuck's offer to pay Betty $100 for the right to cut down the tree. This situation describes O the Coase theorem. 0 a market for externality rights. O the optimal allocation of a public good. 0 nonrivalryancl nonexcludability. \fD Question 10 1 pts This question has multiple answers. Choose all that apply. In the following cases, the market leads to over-allocation of resources or over-utilization. O public goods Commons positive externalities O private goods O club goods O negative externalities