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Which area shows consumer surplus on a market diagram?
A
The area below the supply curve and above price.
B
The area above the demand curve and below price.
C
The area below the demand curve and above price.
D
The area above the supply curve and below price.
Card 1 of 25
2.5.3 causes of changes in consumer and producer surplus Flashcards
25 flashcards on CIE Intl A Level Economics 2.5.3 causes of changes in consumer and producer surplus: the key terms and definitions you need to recall.