Explaining Consumer Surplus
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Explaining Consumer Surplus
What is consumer surplus? When there is a difference between the price that you pay in the market and the value that you place on the product, then the concept of consumer surplus becomes a useful one to look at. This is an important idea that you can use on many occasions in your exams.
Jul 1, 2018
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Back on May 28th, Prime Minister Davis in the house assembly announced a budget surplus to thunderous applause and a standing ovation. However in a press briefing Thursday, Economic Affairs Minister, Michael Halkitis would refer to the surplus as a mere "projection," - a contradiction to the prime minister's announcement in May. | Our News Bahamas
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