Examlex
The future price of one share of General Motors stock is a random variable.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.
Quantity
The amount or number of a material or product which is available, produced, or consumed.
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service, intended to prevent prices from falling too low.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in no surplus or shortage.
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