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Total Surplus in a Market Is the Excess of the Number

question 141

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Total surplus in a market is the excess of the number of consumers above the optimum number.


Definitions:

Abortion

The termination of a pregnancy before the fetus is capable of independent life.

Congenital Impairments

Physical or cognitive disabilities present at birth, which can result from genetic factors, pregnancy complications, or infections during pregnancy.

Inherited

A trait or property passed down from one generation to another through genetic transmission or legal succession.

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