Which of the Following Is TRUE

question 52

Multiple Choice

Which of the following is TRUE?

• A) Lack of centration enables one to have the ability of conservation.
• B) Centration causes one to have the ability of conservation.
• C) Centration and conservation are unrelated.
• D) Conservation causes centration.

---

Definitions:

Consumer Surplus

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

Policy Price

The price set by government policy, often used in the context of agricultural products or utilities.

Government Policy

A plan of action or a set of decisions made by a government to guide public actions in a specific field or achieve certain goals.

Price Range

The spread between the highest and lowest selling price of a good or service in a particular market over a given period.