Examlex
What is the effect of an increase in the productivity of capital?
Quantity Supplied
The level of goods or services that producers are eager and capable of selling at a determined price.
Price
The amount of money expected, required, or given in exchange for something else, such as a good or service.
Price Ceilings
A legal maximum price set below the equilibrium price for a good or service, aimed at preventing prices from becoming too high.
Equilibrium Price
The cost at which the amount of a product or service that consumers want to buy is equal to the amount that sellers want to sell, resulting in a balanced market.
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