Consumer surplus is the amount exceeding an equilibrium price the consumer is willing to pay. The equilibrium price is an idealized price, in which the demand for the good equals its supply. If the ...

Aggregate demand is an economic term that encompasses the total amount of goods and services consumers want at an established overall price level and within a given period of time. Supply chain ...

American Journal of Agricultural Economics, Vol. 82, No. 4 (Nov., 2000), pp. 1022-1037 (16 pages) The article develops an alternative econometric methodology to estimate a system of censored demand ...