Examlex
Nepal provides a buffer between:
Market Price
The current price at which a good or service can be bought or sold, determined by the balance of supply and demand in the market.
Consumer Surplus
The differential in the total price consumers are interested and capable of paying for a product or service and the actual price paid.
Producer Surplus
The gap between the price sellers are ready to accept for a good and the actual price obtained.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved, leading to an underproduction or overproduction of that good or service.
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