Examlex
The tendency of states to hold primaries earlier in the calendar to capitalize on media attention is called
Consumer Surplus
The divergence between the sum consumers are prepared to pay for a product or service and the sum that is actually paid.
Maximum Price
A price ceiling set by a government or regulatory body, above which a particular good or service cannot be sold, often to protect consumers.
Equilibrium Prices
The price at which the quantity of a good supplied is equal to the quantity demanded, leading to market balance.
Consumer Surplus
The difference in the total amount that customers are ready and financially able to invest in a good or service and the amount they truly pay.
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