Match Each Description with the Corresponding Term

question 73

Short Answer

Match each description with the corresponding term.
-electron transfer chains that drive the formation of ATP
A)carbon fixation
B)light-dependent reactions
C)photosynthesis
D)Calvin-Benson cycle
E)electron transfer phosphorylation

• A)carbon fixation
• B)light-dependent reactions
• C)photosynthesis
• D)Calvin-Benson cycle
• E)electron transfer phosphorylation

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Definitions:

Producer Surplus

The divergence between the price at which sellers are ready to offer a good or service and the price they actually obtain.

Economic Efficiency

A state in which resources are allocated in a way that maximizes the total benefit received by society from those resources.

Consumer Surplus

The divergence between the price consumers are willing to pay and what they really spend on a good or service.

Floor Price

The minimum price set by regulation, often by the government, below which a commodity cannot legally be sold in the market.