Examlex
Of the following values, which is most nearly equal to the weight of a 1-kg body?
Surplus
The situation in which the quantity supplied of a good exceeds the quantity demanded, often leading to a drop in prices.
Equilibrium Price
Equilibrium price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Government Implementation
The process by which government agencies put laws, regulations, or policies into practice.
Price Floor
A minimum legal price set above the equilibrium price, leading to surpluses as supply exceeds demand.
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