Examlex
What is the name given to a chemical that transmits a nerve impulse across a synaptic cleft from one neuron to another?
Price Floor
A legal minimum on the price at which a good can be sold.
Consumer Surplus
The variation in the comprehensive amount consumers are willing to layout for a good or service and the actual layout.
Total Surplus
The sum of consumer and producer surplus, representing the overall benefit to society from the production and consumption of goods and services.
Equilibrium Price
The market price at which the supply of an item equals the quantity demanded, leading to an economic state of balance.
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