Examlex
The evaluation by other relevant members of a group or society of a role a person fulfills is called __________.
Equilibrium Quantity
The level of goods or services supplied matches the consumer demand at the price which establishes market equilibrium.
Preset Price
refers to a price that is established in advance and does not change in response to market conditions or negotiation.
Price Ceiling
A legal maximum price set by the government on certain goods and services to prevent prices from becoming too high.
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service, typically set above the equilibrium price to aid producers.
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