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The following scatterplot represents the results of a study undertaken by Chakrabarty et al. (2005) who were investigating glutamate levels in psychotropic drug-naive OCD patients and comparing them with psychiatrically normal controls. Findings were reported as follows for CSF glutamate levels in OCD patients compared to controls: F(1,29) =11.153, p = 0.002. How would these findings be interpreted? Scatterplot showing CSF glutamate levels in patients (1) and controls (2) .
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually do pay.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the economic benefit to consumers.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
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