Examlex
A solution of Na2CO3 in water will have a pH greater than 7.
Individual Seller
A single entity or person engaged in the act of selling goods or services, typically on a small scale or directly to consumers.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive, due to higher market price.
Individual Producer Surplus
The net gain to an individual seller from selling a good; equal to the difference between the price received and the seller’s cost.
Phantom Tickets
Tickets for an event that are sold or promised to a customer but actually do not exist or are not available.
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