Examlex
A lower 18O /16O ratio in ocean core sediments is indicative of warmer temperatures,whereas a lower 18O /16O ratio in ice cores is indicative of cooler temperatures.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive.
Market Price
The present cost at which an item or service is available for purchase or sale in a market.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.
Equilibrium
A state in a market where the quantity demanded equals the quantity supplied, resulting in a stable market price.
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