Examlex
When using visuals to present information, you should look at the visuals only when the audience should look at them.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service relative to its market price, representing the economic benefit to consumers.
Demand Curve
A visual depiction that illustrates the correlation between a product's price and the amount consumers want to buy.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.
Total Utility
The total satisfaction or benefit obtained from consuming a given quantity of goods or services.
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