In a competitive market, if the existing price is below the equilibrium price, market forces will drive the price:

Market consumer surplus at any price

a. is the area above the market supply curve and below the market demand curve b. is the area below the market supply curve and above the market demand curve c. is the area under the demand curve and above the market price d. is that price multiplied by the number of units demanded e. is the number of units demanded multiplied by the cost of producing them.

Exchanging dollars for euros to pay a computer manufacturer in Belgium would occur

A) in the foreign exchange market. B) at the Federal Reserve. C) at the European Central Bank. D) in the letter of credit market.