Examlex
The continued use of (a) _________ often causes insects to become immune to the chemical compounds.
Equilibrium
A state of balance where demand equals supply in a market, leading to a stable price.
Total Surplus
The aggregate of consumer surplus plus producer surplus in a marketplace, symbolizing the overall advantages to society.
Consumer Surplus
The incongruity between the price consumers are willing to offer for a good or service versus the final cost.
Increase Supply
An upward shift in the supply curve, indicating more of a good or service is available for sale at any given price, usually the result of factors like improved technology or decreased production costs.
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