The Graph Shown Below Diagrams the Number of Cases of a Disease

question 2

Multiple Choice

The graph shown below diagrams the number of cases of a disease versus time. The high peak near the right-hand side would be considered a(n)

• A) prevalence.
• B) incidence.
• C) endemic.
• D) epidemic.
• E) pandemic.

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Definitions:

Producer Surplus

The gap between the price sellers are willing to accept for their goods or services and what they end up receiving.

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the amount they end up paying.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating an inverse relationship.

Marginal Cost

The cost of producing one more unit of a good or service, considering variable costs but not fixed costs.