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What is the definition of surplus?


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2007-06-19 00:15:49
2007-06-19 00:15:49

An amount that is more than what is needed. To have extra of something. In a sentence: There was a surplus of in last years budget due to the unexpected increase in funds collected.

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A surplus is having too much of something.

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Surplus means an excess or more than needed.

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more then needed surplus (ADJECTIVE)

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Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare

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Consumer surplus is the amount a buyer is willing to pay minus the amount the buyer actually pays.


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