Examlex
A decrease in the price of a good will
Deadweight Loss
An economic inefficiency that arises when the balance for a product or service is either not attained or cannot be attained.
Consumer Surplus
The differential between the overall amount consumers are willing and financially prepared to spend on a good or service, and what they end up spending.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive, essentially the extra benefit to producers from selling at the market price.
Deadweight Loss
A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unobtainable.
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