In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...
Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. In mainstream economics, consumer surplus is the ...
Money illusion plays a role in price stickiness. Economic surplus can be overstated in disrupted industries. Equity valuations remain too high when before pricing equilibrium occurs. Consumer ...
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