Examlex
Social science research has documented that
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.
Product Value
The importance or usefulness of a product to a consumer, often reflected in their willingness to pay for it.
Producing More X
Increasing the output or manufacture of a specific product or commodity, referred to as "X".
Society Gains
Refers to the overall benefits or improvements in welfare that accrue to a community or society from economic activities or policies.
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