Examlex
The typical process of building a stage costume is to:1. take the performer's measurements,
2. purchase the materials,
3. draft patterns for the cutting and shaping of the material,
4. construct the garment, and
5. fit the garment to the performer.
Surplus
The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.
Consumer Surplus
The gap between what consumers are prepared and capable of paying for a product or service and the actual amount they end up paying.
Willing to Pay
The maximum amount a consumer is prepared to spend to purchase a good or service.
Actual Price
The price at which goods or services are sold in the market, often influenced by supply and demand.
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