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2.4 Demand and supply example: organic food  (Page 3/6)

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  • Card 3 / 6:
    deadweight loss

    the loss in social surplus that occurs when a market produces an inefficient quantity

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Practice Key Terms 5

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Source:  OpenStax, Openstax microeconomics in ten weeks. OpenStax CNX. Sep 03, 2014 Download for free at http://legacy.cnx.org/content/col11703/1.2
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