Examlex
Identify the letter of the choice that best matches the phrase or definition.
-Enables meeting between geographically separated people who use a network such as the Internet to transmit video/audio
Market Quantity
The total amount of goods or services available for purchase within a specific market.
Consumer Surplus
The divergence in total potential expenditure consumers are ready to make on a good or service against actual expenses incurred.
Welfare Economics
A branch of economics that focuses on the optimal allocation of resources and goods and aims to evaluate social welfare.
Equilibrium Price
The cost point where the amount of a product or service sought by consumers matches the amount available from producers.
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