Examlex
The ____is the most recent epoch of repeated glaciation on the Earth.
Surplus
The situation in which the quantity of goods produced exceeds the quantity of goods demanded. Surpluses can result in price drops for products or services, reflecting a mismatch in supply and demand.
Price Ceiling
A cap set by authorities on the maximum price for a good or service, aimed at safeguarding consumers.
Price Floor
A minimum price set by the government or other agency, below which a product cannot legally be sold.
Shortage
A situation where the demand for a product or service exceeds the supply available.
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