Examlex
Match the following terms with their descriptions below.
-Apparatus that produces a fine spray of medication directly into mucous membranes of the respiratory tract
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from the trade of goods or services.
Equilibrium
A state of balance where demand equals supply in a market, leading to a stable price.
Total Surplus
The aggregate of consumer surplus plus producer surplus in a marketplace, symbolizing the overall advantages to society.
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