The difference between the amount consumers would be willing to pay and the amount they actually pay for a good is called
a. price elasticity of demand.
b. consumer surplus.
c. the substitution effect.
d. income elasticity of demand.
B
Economics
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When the British import more American goods, this event:
A. Increases the supply of American dollars B. Increases the demand for British pounds C. Decreases the supply of American dollars D. Increases the supply of British pounds
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Corporate profits are taxed twice.
Answer the following statement true (T) or false (F)
Economics