Examlex
Which biological abnormality is found in people with anorexia nervosa?
Total Surplus
The combined total of consumer and producer surplus, indicating the overall net gain to society from producing and consuming goods and services.
Producer Surplus
The difference between what producers are willing to sell a product for and the price they actually receive.
Equilibrium Price
The selling price where the quantity of goods on offer is equal to the quantity consumers want to buy.
Consumer Surplus
The variance between the sum consumers are willing to shell out for a good or service and the sum they actually shell out.
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