Examlex
You use _____ to mark up structured data so you can easily share the data with other programs.
Producer Surplus
The difference between what producers are willing to accept for a good or service versus what they actually receive, measured by the area above the supply curve and below the price level.
Demand
The desire to purchase goods and services backed by the ability and willingness to pay a certain price.
Consumer Surplus
The gap between the total price consumers are ready and able to spend on a good or service and what they actually spend.
Willingness To Pay
The maximum amount an individual is prepared to spend to acquire a good or service.
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