I couldn't find a manager or employee willing to answer my questions (which may have been attributable to the late hour of my visit but was more likely due to the residual quantity
and quality of my Spanish).
For the middle school group, rapid growth in residual quantity
disparities across periods of at least 2.5% per year offsets any gains due to measured characteristics.
If the firms naming the second lowest price cannot fully satisfy the residual quantity
demanded at their price, and if the quantity demanded at the third lowest price is larger than the total capacity of the firms quoting the first and the second lowest prices, then unsatisfied consumers purchase the good from the firms quoting the third lowest price.
213-14], the reader may wonder on what other possible ground, different from the determination of prices, Smith might have been interested to show instead that profits should not be taken as given, but considered as the residual quantity
left over from national product after the payment of wages.