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Online degree programs adversely affect colleges and universities that are facing an enrollment decline.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefits to society from the trade.
Price Of Ethanol
The cost at which ethanol, a type of alcohol used as fuel, is sold in the market.
Supply Curve
A graph showing the relationship between the price of a good and the amount of it that suppliers are willing to produce and sell, typically upward sloping.
Producer Surplus
The difference between what producers are willing to sell a good for and the actual price they receive, representing the additional benefit or surplus enjoyed by producers due to market conditions.
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