Examlex
The Millennium Development Goals (MDGs) proposed by the United Nations are aimed at ______.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service relative to its market price, representing the economic benefit to consumers.
Demand Curve
A visual depiction that illustrates the correlation between a product's price and the amount consumers want to buy.
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.
Total Utility
The total satisfaction or benefit obtained from consuming a given quantity of goods or services.
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