Surveys Show That About of Americans Belong to Professional and Trade

question 56

Multiple Choice

Surveys show that about of Americans belong to professional and trade organizations.

• A) 14 percent
• B) 27 percent
• C) 44 percent
• D) 61 percent
• E) 76 percent

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Definitions:

Consumer Surplus

The distinction between the total cost consumers are willing to offer for a good or service and the amount they eventually pay.

Surplus II

An excess amount of a product or resource compared to the demand, often resulting in lower prices.

Surplus III

An excess of production or supply over demand, often referring to goods in a market that exceed buyer requirements.

Consumer Surplus

The distinction between the price consumers are inclined to pay for a product or service and what they ultimately pay.