Examlex
Diluted alcohols show a _____absorption around 3600 cm-1, due to _____.
Total Surplus
The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of a good.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service versus how much they actually receive, measured by the area above the supply curve and below the market price.
Government Tax
is a compulsory financial charge imposed by a government on individuals, organizations, or transactions to fund public expenditure.
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