Producer Surplus Tends to Be Large When

question 55

Multiple Choice

Producer surplus tends to be large when

• A) supply is price elastic.
• B) demand is price elastic.
• C) supply is price inelastic.
• D) demand is price inelastic.

---

Definitions:

Civil Rights

The rights of citizens to political and social freedom and equality, protected by law against discrimination or infringement.

Congressional Black Caucus

A caucus made up of most African American members of the United States Congress, advocating for the interests of Black Americans and other minorities.

Equal Employment Opportunity Commission

A U.S. federal agency that administers and enforces civil rights laws against workplace discrimination.

Clarence Thomas

An Associate Justice of the Supreme Court of the United States, known for his conservative judicial positions and for being the second African American to serve on the Court.