Examlex
which of these is NOT an important benefit of graphics?
Consumer Surplus
The difference between the total amount that consumers are willing to pay and the total amount they actually pay.
Surplus I
A situation where the quantity supplied of a product exceeds the quantity demanded at the current price.
Consumer Surplus
The gap reflecting the difference between what consumers plan to pay for a good or service and what they pay in practice.
Surplus III
Excess of production or supply over demand in a market, leading to potential price reductions to clear the surplus stock.
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