Consider These Two Populations, Which Exhibit Variation in Population Size

question 24

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Consider these two populations, which exhibit variation in population size over time. In which population is the fluctuation most likely due to environmental variation, and in which population is fluctuation most likely due to density dependence? Explain your answer.

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Definitions:

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the profit earned above production costs.

Price

The sum of money anticipated, needed, or handed over in exchange for something.

Consumer Surplus I

The gap between what consumers are prepared and able to spend on a product or service and what they end up paying.

Price

The amount of money required to purchase a good or service.