Consumer surplus is the area ? – McqOptions

MCQOPTIONS

1.	Consumer surplus is the area ?
A.	below the demand curve and above the price.
B.	above the supply curve and below the price.
C.	above the demand curve and below the price.
D.	below the supply curve and above the price.
E.	below the demand curve and above the supply curve
Answer» B. above the supply curve and below the price.

Discussion

No Comment Found

Related MCQs

Which of the following sets of government policies is the most growth oriented ?
Which of the following is an example of equity finance ?
Which of the following financial market securities would probably pay the highest interest rate ?
Total surplus is the area_______________?
The seller’s cost of production is ?
Producer surplus is the area ?
National Saving (or just saving) is equal to ?
Medical care clearly enhance people’s lives. Therefore, we should consume medical care until ?
Jamil has ten pairs of football boots and saleem has none. A pair of football boots cost Rs50. to produce. If jamil values an additional pair of boots at RS100 and saleem values a pair of boots at Rs40, then the maxime ?
In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?