The difference between the total amount that producers would have been willing to accept for the total quantity produced in a market and what they actually received at the market clearing price is called
A) production excess.
B) excess demand.
C) market surplus.
D) producer surplus.
D
Economics
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What is the distinction between capital and the services of capital?
What will be an ideal response?
Economics
Suppose the U.S. can produce 10 units of food and five units of clothing (or any linear combination) and Canada can produce six units of food and three units of clothing (or any linear combination)
What type of trade will occur between these two countries? Explain.
Economics