Examlex
Which of the following statements a) , b) or c) is false?
Shortage
A situation in which the demand for a product or service exceeds the supply available at a specific price.
Tax on Good
A financial charge imposed by a government on the sale of a product or service, affecting its price.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity demanded for it at those prices.
Good Sold
Refers to merchandise or items that have been purchased or exchanged in a transaction.
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