Examlex
If we find out that someone whom we like also likes us in return, our relational attraction increases.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay.
Demand Curve
A graphical representation that shows the relationship between the price of a good or service and the quantity demanded by consumers over a period of time.
Consumer Surplus
The discrepancy between the entire sum buyers are ready and capable of paying for a product or service and what they really spend.
Marginal Utility
The additional satisfaction or benefit received by a consumer from consuming one more unit of a good or service.
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