A. Above the demand curve and below the price line
B. Below the demand curve and above the price line
C. Above the supply curve and below the price line
D. Below the supply curve and above the price line
Answer: Option B
Solution (By JKSSB Mock Tests)
Consumer surplus is the difference between the maximum amount consumers are willing to pay and the amount they actually pay, represented by the area under the demand curve and above the market price.
Explanation:
Human capital comprises the knowledge, skills, health and other attributes of individuals that affect their productivity and are accumulated through education, training and health expenditure.
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