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(Figure: Determining Surplus 2) In the graph, consumer surplus is $15.
Big Cities
Urban areas that are notably large in size, population, and often significance within a country or region.
Small Communities
Social units with relatively small populations, often characterized by close-knit relationships and shared values.
Corporations
Are legal entities that can enter into contracts and own property. They are taxed at a lower rate than individuals are and their owners are normally not liable for the corporation’s debt or any harm it may cause the public.
Crimes
Acts or omissions that violate laws and are punishable by the state or other authority.
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