Consumer Surplus

What is Consumer Surplus?

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.

Explaced

1. A combination of exploded and placed, used in Napoleon Dynamite. Last week Japanese Scientists explaced... placed explosive detenators..

Hot Louie

1. A fart that feels hot coming out. "Man, just after lunch I ripped a hot louie and nearly burned a hole in my Peter Frampton undero..

Poustini

1. Moustachioed Italian software program that overloads on difficult nights and can ruin relationships as a result. Is also a chutney. &qu..

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Consumer Surplus Edit Meaning