Examlex
Determine whether the following passage contains an argument; if it does, identify the main issue.
"And he went from there, and entered their synagogue. And behold, there was a man with a withered hand. And they asked him, 'Is it lawful to heal on the sabbath?' so that they might accuse him. He said to them, 'What man of you, if he has one sheep, and it falls into a pit on the sabbath, will not lay hold of it and lift it out? Of how much more value is a man than a sheep! So it is lawful to do good on the sabbath.'"
-Matthew 12:9-12
Welfare Economics
The study of how the allocation of resources affects economic well-being.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.
Consumer Surplus
The rift between the financial input consumers are willing to make for acquiring a good or service and the actual amount they spend.
Demand
Represents the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period.
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