The excess benefit derived from the purchase of goods ove...
The excess benefit derived from the purchase of goods over the amount paid for them is referred to as consumer
Rationality
Surplus
Sovereignty
Credit
Correct answer is B
Surplus in economics refers to the difference between price consumers pay and what they would be willing to pay.
If a country's national income increased from N1,000 billion over a period of 2 years, what was ...
National debt is an expected outcome of ...
Industry can simply be defined as ...
The supply of labour can be influenced by the ...
A fall in national output will necessitate ...
The major role of NDIC is to ...
What fundamentally determines how much a consumer spends in a producer's shop? ...
The principle of comparative advantage encourages a country to ...