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Use the following to answer questions:
Figure: Potatoes
-(Figure: Potatoes) Refer to the figure. If the price of potatoes is $8 a pound, what is the consumer surplus received?
Crowdfunding
A method of raising capital for projects or businesses through small amounts of money from a large number of people, typically via the Internet.
Social Media
Digital platforms that enable users to create and share content or participate in social networking.
Quiet Phase
An initial period in fundraising where organizations solicit private donations before a public campaign.
Public Phase
A stage in fundraising campaigns, especially in capital campaigns of nonprofit organizations, when efforts to raise money are expanded to the general public after initial funds have been secured from major donors.
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