Examlex
Humans began to populate the Americas from about ________ years ago.
Producer Surplus
The difference between the actual amount producers receive for a good and the minimum amount they would be willing to accept.
Firm
A business enterprise or establishment engaged in commercial, industrial, or professional activities.
Normal Good
A type of good for which demand increases when consumer income rises, and falls when consumer income decreases.
Demand Shift
A change in the quantity demanded at every price point, often caused by factors like consumer preferences, income, and price of related goods.
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