Examlex
A train is passing by,but Jean's view of it is partially obstructed by traffic.According to Gestalt psychologists,he nevertheless perceives a unified single train because:
Diminishing Marginal Returns
A principle in economics where increasing one factor of production, while keeping others constant, will yield lower additional output.
Price Ceiling
A legal maximum price that can be charged for a good or service, typically set by government to protect consumers.
Demand Curve
An image that graphically shows the relationship between an item's selling price and the quantities that consumers are interested in buying.
Consumer Surplus
The economic benefit consumers receive when they pay less for a product or service than what they were willing to pay.
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