Flashcard sets with a 'consumer surplus' term meaning 'difference between market price and what consumers would be willing to pay. it is equal to the area above market price and below the demand curve.'

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1-1 of 1Flashcard sets with a 'consumer surplus' term meaning 'difference between market price and what consumers would be willing to pay. it is equal to the area above market price and below the demand curve.'
# Title Terms Date
1Chapters 1-4 Test Reviewby solarpowerxx47 termsSeptember 24, 2009
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