Examlex
Before embryonic stem cells begin to differentiate, they have the potential to become any of the specialized cells.
Elasticity of Market Supply
An indicator of the extent to which the supply of a product varies following a price adjustment.
Marginal Cost Curves
A graphical representation that shows how the cost of producing one more unit of a good or service varies as production increases.
Market Supply Curve
A graphical representation showing the total quantity of a good or service that suppliers are willing and able to sell at different prices.
Producer Surplus
The difference between the amount that producers are willing and able to sell a good for and the actual amount they receive in the market.
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