Examlex
The term elastic cities refers to cities that are able to capture suburban growth by adjusting their boundaries through annexation.Inelastic cities, by contrast, get trapped in existing boundaries and suffer from population loss and tax-base erosion.
Price Restrictions
Regulations or limits placed on the price level for goods and services, often by a government to control inflation or protect consumers.
Excess Demand
A situation in an economic market where the quantity demanded of a good or service exceeds the quantity supplied at the current price.
Supply Curve
A graph showing the relationship between the price of a good and the amount that suppliers are willing and able to sell at different prices.
Corn Crop Yield
The total production of corn measured in units (such as bushels per acre) harvested from a given area.
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