Consumer Surplus Is

question 8

Multiple Choice

Consumer surplus is:

• A) the value consumers get from a supplier.
• B) the value consumers do not pay because of a discount by a supplier.
• C) the value consumers get from a good but do not pay for.
• D) equal to the amount consumers pay for a good.

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Definitions:

Bilateral Descent

A system of family lineage in which kinship and inheritance are traced through both parents' lines.

Double Descent

A system of kinship where individuals trace their ancestry through both their mother's and father's lines equally.

Lineage

A unilineal kin group descended from a common ancestor or founder who lived four to six generations ago and in which relationships among members can be exactly stated in genealogical terms.

Unilineal Kin Group

A social group where membership is inherited through either the male (patrilineal) or female (matrilineal) line exclusively.