Importance of Consumers Surplus

The surplus of the consumer sees its key application in describing the discrepancy between value-in-use and value-in-exchange. The idea of the surplus of the market also allows one to evaluate the impact on a sector of a government bounty or subsidy.

https://agribusinessedu.com/importance-of-consumers-surplus/

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#demandcurve #microeconomics #pricetheory #consumerbehavior