Examlex
Which of the following best describes the DSM?
Surplus
Surplus is a condition where the quantity supplied of a product exceeds the quantity demanded at a specific price, often leading to decreases in price.
Price Floor
A government or regulatory-imposed minimum price that can be charged for a good or service, below which it cannot legally be sold.
Milk
A nutrient-rich liquid food produced by the mammary glands of mammals, commonly consumed by humans.
Market Equilibrium
A condition or state in which the supply of a product matches its demand, leading to a stable price.
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