Citizens Bank confronts a reserve requirement of 20 percent and currently holds millions of dollars in excess reserves. If a depositor withdraws $35,000 . the excess reserves of the bank will

A surplus tends to put ________ pressure on the price of the product, which ________ the quantity demanded

A) upward; increases B) upward; decreases C) downward; increases D) downward; decreases

Consider a market that has linear supply and demand curves, and is in equilibrium. The area above the price line and below the demand curve is

A) consumer surplus. B) producer surplus. C) marginal cost. D) marginal benefit.