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There are three basic repulsion motors: repulsion motor, repulsion-start ____ motor, and repulsion-induction motor.
Price Floor
Price floor is a government or group-imposed limit below which prices cannot fall, typically set to ensure producers can cover their costs.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in market balance.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a specific period.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specified period.
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