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Question

Consumer surplus is the area _______.


A
below the demand curve and above the price
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B
above the supply curve and below the price
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C
above the demand curve and below the price
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D
below the supply curve and above the price
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Solution

The correct option is A below the demand curve and above the price
Consumer surplus is the below the demand curve and above the price, as represented by the lined area in the diagram.
877329_954964_ans_48372b108d644387b51388e21488e3ce.jpg

Economics

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