Examlex
The _________________ the axon, the ________________ the action potential.
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 they actually pay.
Producer Surplus
The gap between the price producers are ready to take for offering a product or service and the actual payment they receive.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit consumers receive.
Producer Surplus
The difference between what producers are willing and able to supply a good for and the price they actually receive, measuring the benefit to producers.
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