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A client says, "I don't understand why so much money is spent on trying to find a cure for cancer. I have epilepsy and wish more money went into epilepsy drugs." What should the nurse consider prior to responding? Note: Credit will be given only if all correct choices and no incorrect choices are selected. Select all that apply.
Total Benefits
Total benefits refer to the complete range of economic, social, and personal advantages gained from an action or an investment.
Consumer Surplus
The difference between the highest price a consumer is willing to pay and the actual price they pay in the market.
Market Demand
The total amount of a product or service that consumers in a market are willing and able to purchase at a given price level in a given time period.
Consumer Surplus
The difference between the maximum price consumers are willing to pay for a good or service and the price they actually pay.
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