What is Consumer Surplus?
1.
an economic term for the benefit you get (or retain) when you obtain something for less than you think it is really worth.
I got a new Gizmondo for 100 pounds and I would have paid up to 200 so I had a lot of consumer surplus.
That company has a monopoly so they jack up the prices to erode my consumer surplus.
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When a girl is wearing a long weave the majority of the time that you see her.
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