Examlex
Most of the fat in the body is stored in fat cells called adipose tissue.
Producer Surplus
The difference between the amount that producers are willing and able to supply a good for and the amount they actually receive due to market conditions.
Acceptable Price
The price level at which a buyer views the cost of a product or service as reasonable, taking quality and utility into account.
Willing To Pay
Willing to pay is the maximum amount that a consumer is prepared to spend on a good or service.
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 they actually pay.
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