1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kkurt [141]
3 years ago
11

The difference between the maximum amount a person is willing to pay for a given quantity of a good and the amount actually paid

for that quantity is known as _____
Social Studies
1 answer:
Katyanochek1 [597]3 years ago
3 0

Answer: consumer surplus

Explanation:

The difference between the maximum amount a person is willing to pay for a given quantity of a good and the amount actually paid for that quantity is known as consumer surplus. On a supply and demand curve, it is the area between the equilibrium price and the demand curve. For example, if you would pay 76 dollars for a cup of tea but can buy it 50 dollars, your consumer surplus is 26 dollars

You might be interested in
37. Who wrote the National Anthem?
VladimirAG [237]
37.John Stanford smith
38.
8 0
3 years ago
Read 2 more answers
What was the purpose of religion in the Aztec culture?
Gnesinka [82]
The Aztec religion incorporated deities from multiple cultures into its pantheon. Ritual sacrifice played an essential role in the religious practice of the Aztecs, and they believed it ensured the sun would rise again and crops would grow
8 0
3 years ago
What does chief Joseph want most for his people
lana [24]

He wanted his people to go to Canada

8 0
3 years ago
A combination of ideas and concepts taken from multiple theories and applied to specific problems in particular settings is term
Zina [86]

Answer:

In a theory model hypothesis framework, individual characteristics influence focuses on one´s belief in the cost of pursued behavior, and the will along with the self-confidence to take action.

Explanation:

The theory model hypothesis framework is a conceptual framework that outlines the ideas´s precise organization, aiming an specific project's purpose. The factors, data collection, analysis, and interpretation structure the hypotheses framework and highlights the target of theory in addressing leveled issues.

Individual characteristics like one´s aptitude hypothesis and the qualification hypothesis each emphasizes on professional competence, emotional inteligence and self-regulatory characteristics, which are discussed in the framework of the aptitude hypothesis for the researched model.

4 0
3 years ago
The term judicial review refers to the power of
bagirrra123 [75]
The answer for the question is B.

5 0
3 years ago
Other questions:
  • Direct democracy worked well in Athens because
    6·1 answer
  • How many Senators does each state have?
    12·2 answers
  • Rayanne wants to drop out of college to be a roadie for her favorite band. She knows if she did this, it would disappoint her pa
    14·1 answer
  • Yohnna had been told no several times and by several people as she was working to accomplish her goal. But no matter how many​ n
    12·1 answer
  • How does each level of political party support the others?
    12·1 answer
  • What is economic union?
    12·1 answer
  • The purpose of the course is to not only learn what psychological research says about what makes us happy but also to put those
    10·1 answer
  • Why do so many coconut trees grow near the ocean?
    6·2 answers
  • What is the primary goal of the United States-Mexico-Canada Agreement (USMCA)?
    6·1 answer
  • A selection method that is valid in other contexts beyond the context for which it was developed is known as a(n) __________ met
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!