Examlex
Select the answer that expresses the result of this calculation with the correct number of significant figures and with correct units.
Consumer Surplus
The gap between what consumers are ready to pay in total and what they end up actually paying.
Consumer Surplus
The distinction between the total cost consumers are willing to offer for a good or service and the amount they eventually pay.
Surplus II
An excess amount of a product or resource compared to the demand, often resulting in lower prices.
Surplus III
An excess of production or supply over demand, often referring to goods in a market that exceed buyer requirements.
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