The Dominant Autotrophs of the Open Water Are

question 37

Multiple Choice

The dominant autotrophs of the open water are

• A)phytoplankton.
• B)kelp.
• C)seagrasses.
• D)stromatolites.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually pay.

Producer Surplus

The gap between the price producers are willing to accept for offering a good or service and the actual price they receive.

World Price

The global equilibrium price of a good or service determined by worldwide supply and demand.

Consumer Surplus

Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay.