Examlex
The family-centered model focuses on
Total Surplus
The aggregate of consumer surplus plus producer surplus in a marketplace, symbolizing the overall advantages to society.
Consumer Surplus
The incongruity between the price consumers are willing to offer for a good or service versus the final cost.
Increase Supply
An upward shift in the supply curve, indicating more of a good or service is available for sale at any given price, usually the result of factors like improved technology or decreased production costs.
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.
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