Examlex
The archetype that is represented by IT executives and one other group is:
Equilibrium Price
The cost at which the amount of a product or service that consumers want to buy is equal to the amount that sellers want to sell, resulting in a balanced market.
Shortages
The situation where the demand for a product or service exceeds its supply in a market.
Price Ceiling
A government-imposed limit on the price charged for a product or service, intended to prevent prices from becoming too high.
Surplus
An amount of something left over when requirements have been met; in economic terms, this can refer to excess supply over demand in a market, leading to lower prices.
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