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Figure 45-3
-In Figure 45-3, which number identifies the structure that initiates action potentials?
Electricity Sales
The volume of electrical energy sold, typically measured in kilowatt-hours (kWh), to end users or consumers.
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 that they actually do pay.
Price Discrimination
The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay.
Two-part Tariffs
A pricing strategy that consists of a fixed fee plus a variable usage fee.
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