Which of the Following Effects Can Be Observed Most Readily

question 139

Multiple Choice

Which of the following effects can be observed most readily when removing extensive amounts of water from an aquifer?

• A)The land above the aquifer subsides.
• B)The land above the aquifer becomes more fertile.
• C)The land expands because the voids in the soil fill with air.
• D)The water content of the soil increases.
• E)none of the above

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Definitions:

Consumer Surplus Loss

The reduction in consumer surplus due to changes in market conditions such as price increases or decreases in available goods.

Individual Seller

A single entity or person engaged in the act of selling goods or services, typically on a small scale or directly to consumers.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, due to higher market price.

Individual Producer Surplus

The net gain to an individual seller from selling a good; equal to the difference between the price received and the seller’s cost.