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The Java statement:g.fillOval(290,100,90,55) ;
Deadweight Loss
An economic inefficiency that occurs when the equilibrium for a good or service is not achieved, leading to a loss of economic value.
Elastic Demands
Describes demand that is highly responsive to changes in price, with significant changes in the quantity demanded.
Consumer Surplus
The gap between the total sum consumers are ready and capable of paying for a good or service versus what they really spend.
Industry Profits
The total earnings of companies within a specific sector after all expenses are subtracted from revenue.
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