Examlex
A current-carrying coil of wire is
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.
Producer Surplus
The disparity between the minimum amount producers are prepared to take for a product or service and the higher amount they end up getting.
Blockade
An act of sealing off a place to prevent goods or people from entering or leaving, typically implemented as a form of economic or military pressure.
Producer Surplus
The difference between what producers are willing to sell a good for and the actual price they receive.
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