Examlex
The basic source of state government's revenue is the property tax.
Total Benefits
Total benefits refer to the complete range of economic, social, and personal advantages gained from an action or an investment.
Consumer Surplus
The difference between the highest price a consumer is willing to pay and the actual price they pay in the market.
Market Demand
The total amount of a product or service that consumers in a market are willing and able to purchase at a given price level in a given time period.
Consumer Surplus
The difference between the maximum price consumers are willing to pay for a good or service and the price they actually pay.
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