Examlex
The offenses known as index crimes include
Producer Surplus
The gap between what sellers are prepared to accept for a product or service and the real amount they end up getting.
Excess Quantity
The situation where the supply of a product exceeds the demand for it at a specific price point, leading to a surplus.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved.
Market Equilibrium
The state in which the supply and demand for a good or service are balanced, leading to a stable price.
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