Examlex
Which of the following is an example of instinctive drift?
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.
Deadweight Loss
The decrease in economic productivity that happens when a good or service does not reach, or cannot reach, its equilibrium point.
Consumer Surplus
The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.
Tax Revenue
The wealth accumulated by governments through the process of taxation.
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