Producer Surplus

question 244

Multiple Choice

Producer surplus

• A) increases if market price rises and the supply curve does not shift.
• B) decreases if market price rises and the supply curve does not shift.
• C) is equal to the maximum price consumers are willing to pay.
• D) is the same as the marginal cost.
• E) always must equal consumer surplus.

Understand the key components and objectives of the New Deal.

Identify the social and economic impacts of the New Deal programs.

Recognize the role of political figures and groups in shaping the New Deal.

Explain the causes and effects of the Dust Bowl and its significance during the New Deal era.

---

Definitions:

Obligation

An obligation is a legal or moral duty to do or not do something.

Kenya Communications Act

Legislation governing telecommunications and broadcasting services in Kenya, aimed at facilitating the development of the information and communications sector.

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on-demand or at a set time, with the payer named on the document.

Legal

Pertaining to the law or the practice of law, involving legal matters, procedures, or documentation.