Examlex
____________________ was the explorer blown across the Atlantic Ocean which led to the discovery of Brazil.
Consumer Surplus
The divergence between what consumers are willing and have the financial capability to pay for a good or service, and what they really pay.
Willingness to Pay
The maximum price at which a consumer will buy a good or service.
Basketball Sneakers
Athletic shoes designed specifically for playing basketball, offering features such as enhanced grip, ankle support, and shock absorption.
Consumer Surplus
The difference between the maximum price consumers are willing to pay and the actual price they do pay.
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