Answered: The area under the demand curve up to…

The area under the demand curve up to unit Q 1 represents the total ____ of Q 1 to society. A. surplus B. gain C. cost D. benefit

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section7.3: Market Efficiency

Problem 3QQ

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The area under the demand curve up to unit Q ₁ represents the total ____ of Q ₁ to society.

	A.	surplus
	B.	gain
	C.	cost
	D.	benefit

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