Refer to Figure 9.3. If the market is in equilibrium, the producer surplus earned by the seller of the 100th unit is

Unemployment caused by people voluntarily quitting work in order to seek more attractive employment is called:

a. the natural rate of unemployment. b. full employment. c. cyclical unemployment. d. frictional unemployment. e. structural unemployment.

Consumer surplus is the difference between the worth of a commodity to the consumer and the price the consumer pays for the commodity

a. True b. False Indicate whether the statement is true or false