Examlex
Which of the following is a stipulative definition?
Equilibrium Price
The cost at which the amount of products available for sale matches the amount of products consumers want to buy.
Firms Operating
Businesses engaged in any activity that seeks profits by providing goods or services to customers.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good supplied by producers, under the assumption of ceteris paribus (all other factors being equal).
Output
The total amount of goods or services produced by a company, industry, or economy within a specified period.
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