A Supply Curve Can Be Used to Measure Producer Surplus

question 86

Multiple Choice

A supply curve can be used to measure producer surplus because it reflects

• A)the actions of sellers.
• B)quantity supplied.
• C)sellers' costs.
• D)the amount that will be purchased by consumers in the market.

---

Definitions:

Adaptive Behaviour

A person's ability to adjust to new situations, meet social standards, and maintain daily living skills.

Evolutionary Theory

A theory explaining the process by which different kinds of living organisms developed and diversified from earlier forms during the history of earth.

Genetic Drift

A mechanism of evolution in which allele frequencies of a population change over generations due to random sampling effects.

Early Experience

Events or exposures occurring at young ages that significantly influence an individual's future behavior and cognitive development.