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    Exam 4: Markets and Government
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    (Figure: Determining Surplus) in the Graph, the Triangle Hjk Represents
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(Figure: Determining Surplus) in the Graph, the Triangle Hjk Represents

Question 24

Question 24

Multiple Choice

(Figure: Determining Surplus) In the graph, the triangle hjk represents (Figure: Determining Surplus)  In the graph, the triangle hjk represents   A)  producer surplus. B)  deadweight loss. C)  consumer surplus. D)  total surplus.


A) producer surplus.
B) deadweight loss.
C) consumer surplus.
D) total surplus.

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