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Consumer Surplus
The difference in the total funds consumers are willing and able to disburse for a good or service compared to the actual expenditure.
Willingness to Pay
The maximum amount an individual is prepared to spend on a good or service to satisfy their needs or desires.
Camera
A device that records or captures images, which can be stored, viewed directly, or transmitted to another location.
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.
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