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Gillian gave a presentation on the number of children in her state that had no health insurance.She presented three simple steps that could alleviate the problem that would benefit the children,their parents and society.Gillian didn't ask the audience to write to their representative and she didn't ask them to make a phone call or donate money.She wanted the audience to know that uninsured children present a problem that was solvable.What type of speech did Gillian give?
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.
Equilibrium
The condition where supply and demand in the market are equal, leading to stable prices.
Consumer Surplus
The disparity in amounts between what is potentially spent by consumers and what is actually spent on a good or service.
Demand Curve
A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.
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