Examlex
Find the value. Give an approximation to four decimal places.
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Price Rises
A general increase in the cost of goods and services in an economy, often indicating inflationary pressures.
Ration
The controlled distribution of scarce resources, goods, or services, often during shortages or in wartime.
Surplus
The situation in which the quantity supplied of a product exceeds the quantity demanded at a given price.
Excess Demand
A situation where the quantity demanded of a product exceeds the quantity supplied at a given price, often leading to price increases.
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