Examlex
Match the characteristic of data quality with its definition.
-values are correct and valid
Surplus Goods
Items for which the quantity supplied exceeds the quantity demanded, often leading to price reductions to clear excess inventory.
Competitive Market
A market where numerous sellers compete to sell their goods or services to a large number of buyers, promoting efficiency and innovation.
Law of Demand
The economic principle that there is an inverse relationship between the price of a good or service and the quantity demanded, assuming other factors are constant.
Price
The total of money envisaged, necessitated, or expended as a payment for something.
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