Examlex
A weakness of single-subject reversal designs is that ethical considerations may preclude the reversal phase in intervention studies in which the treatment was effective.
New Equilibrium
The state reached when market forces realign, resulting in a new balance between supply and demand after a disturbance.
Total Surplus
The aggregate net benefit to society derived from the production and consumption of a good or service, comprising both consumer and producer surplus.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, achieving a state of market balance.
Consumer Surplus
The division between the total financial commitment consumers are willing to make for a product or service and the amount they actually contribute.
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