Examlex
The nonliving environment is not technically part of the ecosystem of a species.
Support Price
A price level set by governments in order to maintain the market price of a good or service at a particular minimum level to protect producers.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay, measuring the benefit to consumers from participation in the market.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.
Consumer Surplus
The variance between the amount buyers are ready to spend on a good or service and the amount they actually pay.
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