Examlex
Which of the following statements a) , b) or c) is false?
Expenditure
The action of spending funds or the amount of money spent on various items or services.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers.
Quantity Supplied
The total amount of a good or service that sellers are willing and able to sell at a given price over a specified period.
Excess Demand
A situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, often leading to shortages.
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