A Suspect States, "I Was in the Car, but I

question 8

Multiple Choice

A suspect states, "I was in the car, but I didn't know it was stolen." How would this statement be most accurately classed?

• A) a confession
• B) a perpetration
• C) an admission
• D) a deposition

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus, representing the total benefits to society from the trade of a good or service.

Consumer Surplus

The difference between the maximum price consumers are willing to pay for a good or service and the actual price they pay.

Producer Surplus

The disparity between the price that producers are ready to accept for a product or service and the price they actually obtain.

Equilibrium Price

The cost where the amount of a product or service consumers want to buy matches the quantity that producers are willing to sell.