To illustrate the classical argument that "supply creates its own demand," the aggregate supply curve should be drawn:

Which of the following best explains the source of consumer surplus for a particular product?

a. Many consumers pay prices that are greater than the equilibrium price of the product. b. Many consumers would be willing to pay more than the market price for the product. c. Many consumers think the market price of the product is greater than its cost. d. Many consumers think the demand for the product is elastic.

In 1900, the standard workweek was _____ hours.

Fill in the blank(s) with the appropriate word(s).