Examlex
Which of the following is correct?
Consumer Surplus
The difference between what consumers are willing to pay for a good or service relative to its market price.
Units
A standard measurement for quantity used to quantify material amount or the extent of something.
Good
A physical item that is produced and can be sold or traded to satisfy people's wants or needs.
Service
An intangible activity or benefit provided to satisfy the needs of a consumer or business.
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