Examlex
The proposed Equal Rights Amendment in the 1970s stated that equal protection cannot be denied on the basis of sex.
Producer Surplus
The difference between the amount producers are willing and able to supply a good for and the actual amount they receive (market price).
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 that they actually do pay.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive, often seen as a measure of producer welfare.
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