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Change in consumer surplus |
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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 finance companyConsumer finance companySee: Finance company Consumer surplusConsumer surplusThe difference between the maximum that consumers would be willing to pay for a good and what they actually do pay. For each unit of the good, this is the vertical distance between the demand curve and price. For all units purchased at some price, it is the area below the demand curve and above the price. Normally useful only as the change in consumer surplus. 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 interestConsumer interestInterest paid on consumer loans; e.g., interest on credit cards and retail purchases. 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. Further SuggestionsConsumer debentureConsumer Advisory Council (CAC) consumer price index Consumer goods Consumer Price Index consumer durables Consumer Credit Protection Act of 1968 Consumer durables National Foundation for Consumer Credit Consumer credit Consumer support estimate |
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