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Market Consumer Surplus at Any Price

Question 60

Multiple Choice

Market consumer surplus at any price


A) is the area above the market supply curve and below the market demand curve
B) is the area below the market supply curve and above the market demand curve
C) is the area under the demand curve and above the market price
D) is that price multiplied by the number of units demanded
E) is the number of units demanded multiplied by the cost of producing them.

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