Examlex
Explain why excessive abdominal fat appears to increase the risk of chronic disease.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service compared to what they actually receive, due to market price.
Equilibrium
refers to a state in a market where supply equals demand, and in the broader sense, it's a condition where all forces acting on a system are balanced.
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.
Equilibrium
A state in a market where the quantity of goods supplied is equal to the quantity of goods demanded, with no pressure to change the price or quantity.
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