Examlex
What characteristic made the majority of post-1965 immigrants to the United States much like their nineteenth-century predecessors?
Demand Curve
A graphical representation that illustrates the relationship between the price of a good and the quantity of it that consumers are willing to buy.
Equilibrium Price
The price at which the quantity of goods suppliers are willing to sell equals the quantity consumers are willing to buy, leading to a balance of demand and supply.
Consumer Surplus
The variance between a consumer's maximum price readiness for a product or service and the real payment made.
Marginal Buyer
The consumer whose desire or need for a product is the least among all buyers, often determining the highest price they're willing to pay in a market.
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