Successful Industries Are Emerging Aimed at Creating Alternative Energy Sources

question 1

Multiple Choice

Successful industries are emerging aimed at creating alternative energy sources and reducing the cost of electricity consumption in an effort to improve ____.

• A)geology
• B)topography
• C)climate quality
• D)environmental quality

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus what they actually pay.

Willingness to Pay

The maximum amount an individual or organization is willing to spend to acquire a good or service.

Consumer Surplus

The discrepancy between the financial amount consumers intend to spend on a good or service and the amount they end up spending.

Peanuts

A legume crop grown mainly for its edible seeds, which are high in protein, fat, and various healthy nutrients.