Consider a Market That Is in Equilibrium with a Market-

Multiple Choice

Consider a market that is in equilibrium with a market- clearing price. Economic surplus is shown by

A) the area that is both below the demand curve and above the supply curve.
B) the area to the right of the market- clearing price and quantity.
C) the intersection of the supply and demand curves.
D) the area below the supply curve up to the equilibrium quantity and below the demand curve beyond the equilibrium quantity.
E) the area that is both above the demand curve and below the supply curve.