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Case 9-1
Michael is working on producing a document for his manager that will include some images of the new application that he is building.He wants to capture some images of the application as it appears on the screen.
-In order to do this,Michael needs to know how to look up a particular function in Word Help.What is the term for the duplicate image of the contents of Michael's computer screen that he will capture for inclusion in his report?
Shortage
A situation where demand for a product or service exceeds its supply in a market.
Surplus
The amount by which the quantity supplied of a good exceeds the quantity demanded at a specific price.
Price Ceiling
A legal maximum price set below the equilibrium price, preventing sellers from charging more than this amount.
Price Floor
A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.
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