Examlex
______money is a sum of money that the buyer puts up along with the offer to buy the property. By doing so, the buyer indicates that he or she is making a serious offer.
Price Ceiling
A government-imposed limit on the price charged for a product, intended to prevent prices from rising too high.
Market Clearing Price
The price at which supply equals demand in a market, leading to no unsold surplus or shortages.
Market Clearing Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as the equilibrium price.
Quantity Demanded
The quantity of a product or service buyers are prepared and capable of buying at a specific price.
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