Examlex
The brain is located in the ____________________ cavity.
Equilibrium
The market condition where supply equals demand for a product, resulting in a stable price.
Consumer Surplus
The difference between what consumers are willing to pay and what they actually pay.
Market Price
The current price at which a good or service can be bought or sold, determined by the forces of supply and demand.
Deadweight Loss
A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.
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