Examlex
A ______ is an intrusive structure that formed from magma that solidified within the "throat" of a volcano.
Black Market
An illegal traffic or trade in officially controlled or scarce commodities, bypassing governmental regulation or taxation.
Binding Price Floor
A government-imposed price control that sets the minimum price above the equilibrium price, causing a surplus in the market.
Deadweight Loss
An economic inefficiency caused by a deviation from the optimal allocation of resources, often resulting from market distortions like taxes or subsidies.
Equilibrium Quantity
The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.
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