Match the Following Terms with Their Definitions

question 135

Multiple Choice

Match the following terms with their definitions.
-Subtrahend

• A)The total of the adding process.
• B)Minuend less subtrahend.
• C)Top number in multiplication problem.
• D)Amount left over in the division process.
• E)The answer to a multiplication problem.
• F)Smaller number being subtracted from a large number.
• G)Number in the division process that is dividing into another number.
• H)Bottom number in a multiplication problem.
• I)Numbers combined in adding process.
• J)Doesn't contain a decimal or fraction.
• K)Number in the division process that is being divided by another.
• L)Larger number from which another is subtracted.
• M)The answer to a division problem.

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Definitions:

Price Effect

Describes how changes in prices impact the quantity supplied and demanded in a market.

Downward-Sloping Demand

A market condition reflected in a demand curve where the quantity demanded of a good decreases as the price of that good increases, and vice versa.

Total Surplus

The sum of consumer and producer surplus; a measure of the overall benefit to society from a market transaction.

Perfectly Price-Discriminated

A pricing strategy situation where a seller charges the maximum possible price for each unit consumed that consumers are willing to pay, thereby capturing all potential consumer surplus.