The Total Amount of Producer Surplus in a Market Is

question 15

Multiple Choice

The total amount of producer surplus in a market is equal to

• A)the difference between quantity supplied and quantity demanded.
• B)the area above the market supply curve and below the market price.
• C)the area above the market supply curve.
• D)the area between the demand curve and the supply curve below the market price.

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Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Token Economy

A behavior modification system based on the systematic reinforcement of target behavior through the issuance of tokens that can be exchanged for desired rewards.

Contingency Contract

A formal, written agreement between the therapist and client (or teacher and student) in which goals for behavioral change, reinforcements, and penalties are clearly stated.

Systematic Desensitization

A behavioral therapy technique used to reduce phobias through gradual exposure to the feared object or situation paired with relaxation techniques.