test high for pesticide residue even after washing, was released in April 2013. The inclusion of strawberries on the

list led to an increase in demand for organic strawberries, resulting in both a higher equilibrium price and quantity of

sales.
78 3 • Key Terms

Key Terms

ceteris paribus other things being equal

complements goods that are often used together so that consumption of one good tends to enhance

consumption of the other

consumer surplus the extra benefit consumers receive from buying a good or service, measured by what the

individuals would have been willing to pay minus the amount that they actually paid

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

demand the relationship between price and the quantity demanded of a certain good or service

demand curve a graphic representation of the relationship between price and quantity demanded of a certain
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