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D Question 1 40 pts Match the following economic terms with their descriptions. consumer surplus [ Choose ] includes both consumer and producer surpluses values
D Question 1 40 pts Match the following economic terms with their descriptions. consumer surplus [ Choose ] includes both consumer and producer surpluses values ecosystem services by comparing real estate values with various features in degraded and healthy environments producer surplus uses people's stated willingness to pay for an ecosystem service or accept pay for losing it benefit to consumers who are purchasing goods or services at below the cost that they are willing to pay intrinsic value relational value economic surplus benefit to providers of goods or services sold at a cost that is higher than the production costs instrumental value possible benefit from obtaining goods or services from a species or ecosystem in the future hedonic pricing method indirectly value biodiversity and ecosystem services by measuring people's willingness to pay to experience them [ Choose ] surrogate market techinques [ Choose ] contingent valuation method [ Choose ] option value [ Choose ] Most economic models try to estimate this type of value [ Choose ]
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