Examlex
The IQ of an intellectually gifted person is greater than or equal to_____ .
Price Floor
A government- or authority-set minimum price that can be charged for a good or service, aimed at preventing prices from falling too low.
Equilibrium Price
A price level where the demand for a product matches the supply, ensuring that every buyer finds a seller and vice versa, leading to market stability.
Temporary Surplus
A situation where the supply of a product exceeds its demand for a short period of time.
Usury Laws
Usury laws are regulations governing the amount of interest that can be charged on loans, aimed at preventing exorbitant or unfair interest rates.
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