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Inglast, a chocolate producer, is faced with a class action suit when customers found pieces of plastic in boxes of cocoa powder. Inglast settles the case and then releases an advertising campaign to show the new and improved safety seals on all containers of cocoa powder. Which kind of advertisement has Inglast most likely used?
Graphing Calculator
An electronic device capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay, indicating the benefit consumers receive from purchasing at a market price lower than their maximum willingness to pay.
Ice Cream Cones
Frozen dessert treats served in a conical wafer, typically made by filling the cone with scoops of ice cream from one or more flavors.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer benefit.
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