A Measure of Consumer Surplus Determined by the Area Under

question 2

Multiple Choice

A measure of consumer surplus determined by the area under the compensated demand curve is known as the

• A) approximate measure of consumer surplus
• B) exact measure of consumer surplus
• C) inelastic measure of consumer surplus

---

Definitions:

Principle Of Continuity

A guideline in psychology stating that individuals prefer perceptions of connected and continuous figures to disconnected and disjointed ones.

Perceptual Tendency

The inclination to perceive or interpret information in a particular way based on prior experiences and expectations.

Linear Perspective

A technique in drawing and painting where parallel lines seem to converge as they recede towards a single point on the horizon, creating an illusion of depth.

Depth Cue

A signal in our environment, either binocular or monocular, that provides information about distance or depth.