FIGURE 7-1

question 57

Multiple Choice

FIGURE 7-1
-Describe the type of spring "constant" needed to produce a constant restoring force like curve (a) in Figure 7-1.

• A) k must vary as the stretch squared.
• B) k must be a real constant.
• C) k must vary inversely with stretch.
• D) k must vary proportional to stretch.
• E) none of these

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Definitions:

Consumer Surplus

The gap between the total sum consumers are ready and able to spend on a good or service versus the total sum they actually spend.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service relative to its market price, representing the economic benefit to consumers.

Demand Curve

A visual depiction that illustrates the correlation between a product's price and the amount consumers want to buy.

Consumer Surplus

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