A concept that comes up very frequently is that of Consumer and Producer surplus.
The key here is willing to pay (for consumers) and willingness to produce (for producers)
Heres the PDF PIIGSTY Econ 101 #9 Consumer and Producer Surplus
A concept that comes up very frequently is that of Consumer and Producer surplus.
The key here is willing to pay (for consumers) and willingness to produce (for producers)
Heres the PDF PIIGSTY Econ 101 #9 Consumer and Producer Surplus