Examlex
All of the following statements are true EXCEPT:
Market Price
The current price at which a commodity, security, or service can be bought or sold in a particular market.
Willingness to Pay
The maximum amount an individual is prepared to spend for a particular good or service.
Consumer Surplus
The gap between the aggregate amount that buyers are willing and able to allocate for a good or service and the total sum they really pay.
Consumer Surplus
The variance between consumers' potential payment for a good or service and their actual expenditure.
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