What Feature Do Tidal Energy, Geothermal Energy, and Ocean Thermal

question 41

Multiple Choice

What feature do tidal energy, geothermal energy, and ocean thermal energy have in common?

• A)They are location specific.
• B)They all have the same ultimate power source.
• C)They are all high power output systems.
• D)They are all inexpensive to setup.
• E)all of the above

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Definitions:

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive due to higher market price.

Binding Price Ceiling

A government-imposed limit on the price of a product or service that is set below the market equilibrium, leading to shortages and a decrease in supply.

Producer Surplus

The difference between the amount that producers are willing and able to sell a good for and the actual amount they receive due to market price.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.