Examlex
The financing rate on the car you are leasing is called the
Demand Curve
A visual depiction that illustrates the correlation between a product's price and the amount consumers want to buy.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.
Total Utility
The total satisfaction or benefit obtained from consuming a given quantity of goods or services.
Marginal Utility
The added satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.
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