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A(n) key is the set of steps used to convert an unencrypted message into an encrypted sequence of bits that represent the message; it sometimes refers to the programs that enable the cryptographic processes. _________________________
Consumer Surplus
The difference between the highest price a consumer is willing to pay for a good or service and the actual market price they pay.
Positively Sloped
Describes a line on a graph that moves upward as one moves from left to right, indicating a direct relationship between two variables.
Negatively Sloped
A term used in economics to describe a line on a graph that moves downwards from left to right, indicating an inverse relationship between two variables.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from trading a good or service.
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