The area below the demand curve and above the price line measures
A) consumer surplus.
B) economic profit.
C) elasticity of demand.
D) the total value obtained from consuming the good or service.
A
Economics
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Whenever there is a surplus in the current account, the capital account: a. will be negative
b. will be positive. c. will be zero. d. could be negative, positive, or zero.
Economics
When a foreign currency crisis occurs, there is a(n) __________ in the supply of the currency and a(n) __________ in the demand for that currency
a. increase; increase b. decrease; decrease c. increase; decrease d. decrease; increase e. increase; no change
Economics