The amount of money one would have to take from a consumer to harm her by as much as the price increase is called
A) compensating variation.
B) structured settlement.
C) equivalent variation.
D) consumer surplus.
C
Economics
You might also like to view...
The main reason why one nation trades with another is to
A. save its natural resources from rapid depletion. B. exploit the advantages of specialization. C. eliminate the danger of retaliation from other nations. D. improve political alliances.
Economics
How would a $10 increase in per-unit input costs affect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would decrease by $10.
B. AC would increase by $10, and MC would decrease by $10.
C. MC and AC would both decrease by $10.
D. MC and AC would both increase by $10.
Economics