Examlex
The draft lottery was created in the NBA to
Surplus Amount
The quantity of a good or service that exceeds what is demanded at a given price.
Producer Surplus
The difference between what producers are willing to receive for a good compared to what they actually receive, essentially the profit.
Price Rises
An increase in the cost of goods or services, often due to factors such as inflation, increased production costs, or higher demand.
Existing Producers
Companies or individuals that are currently producing and selling goods or services within a market.
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