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You are at the zoo watching a tiger sleep. It suddenly awakes, and lurches in your direction. Spatial position would NOT provide information about the:
Consumer Surplus
The divergence between what consumers are willing to pay for a product or service and the actual payment they make.
Supply Curve
A visual display mapping out the link between how much of a good is supplied and its price.
Efficiency
The extent to which resources are used in the most effective way to produce goods and services, minimizing waste.
Equality
Equality refers to the state of being equal, especially in status, rights, and opportunities.
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