Examlex
______ is not a method of empiricism used to learn about behavior.
Price Floor
A government or regulatory imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.
Price Ceiling
A legally established maximum price that can be charged for a good or service, usually set by the government.
Shortage
An instance where there is more demand for a product or service than what is available in the market.
Offshore Oil Wells
Drilling sites located in bodies of water, often at a considerable distance from the shore, that are used to extract oil from beneath the ocean floor.
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