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    Exam 5: Market Outcomes and Tax Incidence
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    When Looking at a Graph,the Area Above the Supply Curve
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When Looking at a Graph,the Area Above the Supply Curve

Question 100

Question 100

Multiple Choice

When looking at a graph,the area above the supply curve and below market price is defined as


A) consumer surplus.
B) producer surplus.
C) producer benefit.
D) business profit.
E) tax revenue.

Correct Answer:

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