Examlex
The certificate of limited partnership filed with the state details and determines the rights, responsibilities, and relationships of the partners.
Producer Surplus
The difference between the amount producers are willing and able to supply a good for and the actual amount received by them when the good is sold.
Consumer Surplus
The variance between the price consumers are ready to offer for a good or service and the price they actually incur.
Price Ceiling
A government-imposed limit on how high the price of a product can be charged in the market to protect consumers from high prices.
Consumer Surplus
The gap between the amount consumers are prepared to spend on a product or service and the amount they end up paying.
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