The Amount of Money One Would Have to Give to a Consumer

question 78

Multiple Choice

The amount of money one would have to give to a consumer to offset the harm from a price increase is called

• A) compensating variation.
• B) structured settlement.
• C) equivalent variation.
• D) consumer surplus.

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Definitions:

Sexual

Relating to the biological differences between males and females, and aspects concerning physical or emotional attraction, activities, and relationships.

Aggressive

Showing readiness to attack or confront; characterized by aggression.

Relaxant

A substance or activity that helps reduce tension, anxiety, or stiffness.

Alcohol

A chemical compound that is a psychoactive drug, commonly found in beverages such as beer, wine, and spirits, and can affect the central nervous system.