Examlex
Simplify the following expression. -4(-7y)
Total Surplus
Total surplus is the sum of consumer surplus and producer surplus in a market, representing the overall economic benefit to society from market transactions.
Imposed
Refers to actions or conditions that are applied or enforced by authority or necessity without the recipient's active consent.
Total Surplus
The sum of consumer and producer surplus, representing the total benefit to society from the production and consumption of goods or services.
Equilibrium
A state in which market supply and demand balance each other, and as a result, prices become stable.
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