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What happens when two blocks, one nested inside of the other, both declare variables with the same identifier? (Assume that the outer block declares its variable before the opening left-brace of the inner block.)
Producer Surplus
The variation between the price that sellers expect to receive for a product or service and the actual price they end up getting.
Consumer Surplus
The difference between the maximum amount that consumers are willing to pay for a good or service and the amount they actually pay.
Consumer Surplus
The benefit obtained by consumers because they are able to purchase a product for a price that is less than the maximum price that they are willing to pay.
Equilibrium Price
The rate at which the amount of products offered matches the amount of products consumers want.
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