On a graph, consumer surplus is the area above the equilibrium price and below the demand curve.
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Q163: Consumer surplus describes a situation in which
Q164: Consumer surplus is the difference between the
Q165: Producer surplus describes a situation in which
Q166: A deadweight loss occurs _ in a
Q167: A firm that sells a car for
Q168: The total of consumer plus producer surplus
Q169: If someone is willing to pay $500
Q170: Deadweight loss is the difference between consumer
Q172: The total of producer and consumer surplus
Q173: The total of producer and consumer surplus
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