Examlex
As price rises from $22 to $26, quantity supplied rises from 100 to 110 units and quantity demanded falls from 90 units to 65 units. It follows that supply is __________ and demand is __________.
World Trade Organization
An international organization designed to supervise and liberalize international trade by facilitating trade negotiations and resolving disputes among its members.
Honorable Surrender
The act of yielding or giving up rights, possessions, or position in a dignified manner rather than through coercion.
U.N. Convention
An international agreement formed under the auspices of the United Nations, addressing global issues and governing international law.
International Sale of Goods
Transactions involving the purchase and sale of goods across national borders, governed by specific laws and agreements to facilitate and regulate trade.
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