Examlex
In order to make healthful and logical nutrition decisions, beware of
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.
Surplus
The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price; often occurs in markets where a price ceiling prevents the price from rising to its equilibrium level.
Market Price
The current price at which an asset or service can be bought or sold, determined by supply and demand.
Black Market
An illegal trading environment where goods or services are exchanged outside of government-sanctioned channels.
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