Match Each Definition with the Correct Word Part Below

question 63

Multiple Choice

Match each definition with the correct word part below.
-Col/o

• A)Stomach
• B)Joint, articulation
• C)Disease
• D)Through
• E)Bone
• F)Colon, large intestine
• G)Birth, born
• H)No, not, without
• I)Recording
• J)Surgically forming
• K)Against
• L)Within
• M)Uterus
• N)Bad, difficult, painful, abnormal
• O)Deficient, below, under
• P)Heart

---

Definitions:

Producer Surplus

The gap between the minimum amount sellers are prepared to accept for a product or service and the actual payment they get.

Equilibrium

The point at which the quantity of a product or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Market Equilibrium

The condition in which a market's supply and demand balance each other, and as a result, prices become stable.

Consumer Surplus

The gap between the aggregate sum consumers can and are willing to spend on a good or service versus the amount they really spend.