Which of the Following Is a Common Component of All

question 78

Multiple Choice

Which of the following is a common component of all routine messages including messages that express sympathy?

• A)Stating goodwill
• B)Providing deadlines
• C)Making claim
• D)Giving thanks
• E)Gaining attention

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay, measuring the benefit to consumers from participation in the market.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.

Consumer Surplus

The variance between the amount buyers are ready to spend on a good or service and the amount they actually pay.

Tariff

A tax imposed by a government on goods and services imported from other countries to regulate trade and protect domestic industries.