|
|
Change in consumer surplus |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Change in consumer surplusThe change in consumer surplus due to a change in market conditions, usually a price change. For a price change, it is measured by the area to the left of the demand curve between the two prices, indicating a gain if price falls and a loss if it rises.Similar MatchesConsumer price indexConsumer price indexAn index which tracks the prices of a variety of goods purchased by an average consumer. The goods typically include food, clothing, utilities and medical care. Also known as the cost of living index which is used as a reference for wage increases and other similar inflation prone items such as Social Security payments. Consumer movementConsumer movementOne of four modes of supply of traded services, this one entails the buyer moving (temporarily) to the foreign location of the seller, as in the case of tourism. Consumer price indexConsumer price indexA price index for the goods purchased by consumers in an economy, usually based on only a small sample of what they consume. Commonly used to measure inflation. Contrasts with the implicit price deflator. Consumer goodsConsumer goodsGoods not used in production but, bought for personal or household use such as food, clothing, and entertainment. Consumer interestConsumer interestInterest paid on consumer loans; e.g., interest on credit cards and retail purchases. Further SuggestionsConsumer finance companyConsumer Advisory Council (CAC) consumer durables Consumer support estimate Consumer Price Index National Foundation for Consumer Credit Consumer Credit Protection Act of 1968 Consumer surplus Consumer credit Consumer debenture Consumer durables |
|
|
|