Examlex
All of the following are examples of latent functions EXCEPT:
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specified period.
Supply of Baby Formula
The total quantity of infant milk products available for consumption in a market at a given time.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of the good that sellers are willing to supply.
Price Increase
A rise in the cost of goods or services over a period of time.
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