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Many people start tensing up during a horror movie whenever they hear a familiar tune because this tune is always associated with a character being in danger.This illustrates a(n)__________, or CER.
Trade
The exchange of goods and services between people or entities.
Total Surplus
The sum of consumer surplus and producer surplus in a market, reflecting the total net benefit to society from the production and consumption of goods and services.
Trade
The exchange of goods and services between parties, which can be within or across national borders.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.
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