Examlex
What is educational inequality and how is it measured? Why is it important to measure the degree of educational inequality in a country? Explain your answer.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to offer for sale.
Consumer Surplus
The imbalance between the funds consumers are willing to dedicate to a good or service and the funds they actually dedicate.
Consumer Surplus
The discrepancy in the total spend consumers are willing to shoulder for a product or service as opposed to what they actually disburse.
Market Price
The present value at which a service or asset is available for purchase or sale in a market.
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