Consumer surplus requires us to know the [ ______ ] function, which will be [ ______ ] function because as prices [ ______ ], the quantity demanded will [ ______].

Producer surplus requires us to know the [ ______ ] function, which will be [ ______ ] function because as prices [ ______ ], the quantity supplied will [ ______ ].

The two curves we are analyzing will intersect at the [ ______ ] which means [ ______ ].

From the graphs we have seen, multiplying price x quantity will produce a shape that is [ ______ ] that is measured in [ ______ ].

The consumer surplus represents the total amount of money [ ______ ] while producer surplus measures the total amount of money [ ______ ].

To find consumer surplus, we integrate to find an area that is [ ______ ]so we need to use [ ______ ]. To find producer surplus, we integrate to find an area that is [ ______ ] so we need to use [ ______ ].

Options for Q1: cost / price / supply / demand / profit / revenue

Options for Q2: a constant / an increasing / a decreasing

Options for Q3: go up / go down

Options for Q4: decrease / stay the same

Options for Q5: cost / price / supply / demand / profit / revenue

Options for Q6: a constant / an increasing / a decreasing

Options for Q7: go up / go down

Options for Q8: increase / stay the same

Options for Q9: equilibrium point / breakeven point / inflection point

Options for Q10: cost=revenue / price=quantity / profit=0 / supply=demand

Options for Q11: a rectangle / a triangle / a curved shape

Options for Q12: dollars / $ per unit / units

Options for Q13: consumers spend / consumers save

Options for Q14: producers save / producers earn in extra revenue

Options for Q15: equal to pxq / larger than pxq / smaller than pxq

Options for Q16: pxq / integral / integral pxq / pxq - integral

Options for Q17: equal to pxq / larger than pxq / smaller than pxq

Options for Q18: pxq / integral / integral pxq / pxq - integral