Match the Following

question 111

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Government establishes laws and rules that dictate what businesses can and cannot do

• A)Favors
• B)Political action committee
• C)Personal contacts
• D)Direct regulation
• E)Lobbying
• F)Indirect regulation

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Definitions:

Price

The cost at which goods or services are offered to consumers.

Surplus Amount

The excess of supply over demand in a market, resulting in downward pressure on prices.

Consumer Surplus

The discrepancy between what consumers are ready and capable of paying for a product or service and the actual amount they end up paying.

Price Falls

A decrease in the market price of goods or services, often due to increased supply, reduced demand, or other market dynamics.