Examlex
The combining form extens/o- means ________.
Positively Sloped
Describes a graph or relationship where, as one variable increases, the other variable also increases, typical of a supply curve in economics.
Negatively Sloped
A graphical representation showing a decrease in one variable as another variable increases, often used in the context of demand curves.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of goods and services.
Producer Surplus
Producer surplus is the difference between what producers are willing to accept for a good or service versus what they actually receive, reflecting extra benefit.
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