Use the Following to Answer Question(s): Surplus and Demand

question 61

Multiple Choice

Use the following to answer question(s) : Surplus and Demand

-(Exhibit: Surplus and Demand) The amount by which the total benefits to consumers exceeds their total expenditure is called _______ and is depicted at quantity OE by the area _______ .

• A) producer surplus; BCD
• B) consumer surplus; OCDE
• C) consumer surplus; BCD
• D) net benefit; OBDE

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Definitions:

Plate Boundary

Zone of tectonic activity, including earthquakes, along the boundary between two lithospheric plates that are moving relative to one another.

Southern Continent

A hypothetical or specified landmass located in the southern hemisphere of a planet.

Oceanic Plateau

A large, flat, elevated region in the ocean basin, often composed of thickened crust that rises above the surrounding seafloor.

Fracture Zone

A linear zone of irregular topography on the ocean floor characterized by fractures and faults due to plate movements.