When a Drug Addict Is in the Environment Where She

question 46

Multiple Choice

When a drug addict is in the environment where she usually takes her drugs, she will typically feel a craving for the drugs. This craving is a:

• A) CS.
• B) US.
• C) CR.
• D) UR.

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Definitions:

Marginal Utility

The increased happiness a buyer experiences by consuming an extra unit of a product or service.

Consumer Surplus

Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, measuring consumer satisfaction.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and what they end up actually spending.

Alfred Marshall

A British economist, known for his significant contributions to classical economics, especially his work on the principles of economics, including the theories of supply and demand.