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The pancreas is part of the endocrine system and secretes the hormone insulin, which allows most body cells to absorb glucose from the blood.A lack of insulin can result in hyperglycemia (high blood glucose), which can adversely affect one's health.Describe the roles of the digestive system, circulatory system, and endocrine systems in maintaining glucose homeostasis when a person eats a sugary meal.
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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