Multiple Choice
When demand and supply are linear, consumer surplus is equal to:
A) the area between the demand curve and the price, out to the quantity that is exchanged.
B) the area between the supply curve and the price, out to the quantity that is exchanged.
C) the entire area between the demand curve and the price. See Section 3.1.
D) the entire area between the supply curve and the price.
Correct Answer:

Verified
Correct Answer:
Verified
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