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For workers who feel underpaid, creating a union at their place of employment to attain higher wages can be a mechanism for restoring equity by ____.
Marginal Buyer
The consumer whose desire or need for a product is the least among all buyers, often determining the highest price they're willing to pay in a market.
Demand Curve
A chart that illustrates the connection between a good's price and the amount that consumers want to purchase.
Consumer Surplus
The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.
Welfare Economics
The study of how the allocation of resources affects economic well-being.
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