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Nila has created a report, and now she would like to a create table of contents.
-Nila has reviewed her report and decides to add text that is not formatted as a heading to the table of contents. She must select the text, format it as a ____, and then update the table of contents.
Producer Surplus
The difference between the amount a producer is willing to accept for a good and the actual amount received due to higher market price.
Consumer Surplus
The discrepancy between the potential total expenditure consumers are willing to make on a good or service and the actual costs they incur.
Government Revenue
The total income received by the government from various sources, including taxes, fees, fines, and the sale of goods and services.
Domestic Demand Curve
A graphical representation of the quantity of goods and services demanded by domestic consumers at various price levels.
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