Use the Following to Answer Questions

question 104

Multiple Choice

Use the following to answer questions:
Matching
Match the individuals with their accomplishments.
-Doris Fleischman

• A)Lamented influence of PR profession on modern life
• B)Convinced women that cigarette smoking was publicly acceptable
• C)Helped open the PR profession to women
• D)Transformed image of millionaire John D.Rockefeller, Sr.

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Definitions:

Consumer Surplus

The rift between the financial input consumers are willing to make for acquiring a good or service and the actual amount they spend.

Demand

Represents the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period.

Consumer Surplus

The contrast between the overall amount consumers are willing to pay for a good or service and the total they actually pay.

Supply

The total amount of a good or service that producers are willing and able to sell at a given price over a certain period.