Examlex
Why did the elimination of wolves from Yellowstone National Park lead to a large reduction in the size of the aspen population?
Consumer Surplus
The gap between the amount consumers are prepared to spend on a good or service and the actual price they pay, signifying consumers' advantage.
Refrigerator
An appliance used to keep food and drinks cool and preserved by maintaining a temperature below the ambient level.
Price Sensitivity
The degree to which the demand for a product or service is affected by changes in its price, illustrating consumer response to price adjustments.
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