Gravity and Electromagnetism Are Examples of ____________________ That Are Applied

question 2

Short Answer

Gravity and electromagnetism are examples of ____________________ that are applied from a distance.

---

Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, due to higher market prices.

Consumer Surplus

The contrast between the total price consumers are prepared to pay for a good or service and what they end up paying in reality.

Consumer Surplus

The contrast between the total sum consumers are ready and financially equipped to spend on a good or service, and the sum they actually spend.

Producer Surplus

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