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    Principles of Economics
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    Exam 7: Consumers, Producers and the Efficiency of Markets
  5. Question
    The Area Below a Demand Curve and Above the Price
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The Area Below a Demand Curve and Above the Price

Question 142

Question 142

Multiple Choice

The area below a demand curve and above the price measures:


A) willingness to pay
B) total surplus
C) consumer surplus
D) producer surplus

Correct Answer:

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