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Consumer Surplus
The disparity between what consumers are inclined and financially able to spend on a good or service compared to what they ultimately pay.
Marginal Utility
The boost in satisfaction or utility a person enjoys from consuming another unit of a good or service.
Total Utility
The overall satisfaction or benefit a consumer derives from consuming a certain quantity of a good or service.
Scented Candles
Candles infused with fragrant oils that release a pleasant aroma when burned, often used for relaxation, ambiance, or aromatherapy.
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