Examlex
Comovement is
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually do pay.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the economic benefit to consumers.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service and the actual amount they receive.
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