Consumer Surplus Is

question 1

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 supplier.
• C) the value consumers get from a good but do not pay for.
• D) equal to the amount consumers pay for a good.

---

Definitions:

Negotiators

Individuals skilled in discussion and bargaining to reach agreements or resolve disputes between parties.

Statistical Displays

Visual representations of data, such as graphs or charts, used to simplify the presentation and interpretation of statistical information.

Labor Relations Expert

A professional specializing in handling the relationship between employers and their workers, often dealing with unions and collective bargaining.

Negotiations

The process of discussing terms and conditions between two or more parties to reach a mutual agreement or resolve differences.