Examlex
The genetically programmed biological process that governs human growth is called ___________.
Shortage
A shortage occurs when the demand for a product exceeds the supply of that product at a specific price.
Price Floor
A government-imposed minimum price charged for a commodity, aimed at preventing prices from falling too low.
Surplus
In economic terms, it refers to the amount by which production, assets, or resources exceed the portion used, often leading to excess supply in markets.
Shortage
A condition where the market's demand for a good or service outstrips its supply.
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