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To Create a New Query, Tap or Click the Query

question 66

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To create a new query, tap or click the Query Design button on the CREATE tab.


Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service.

Equilibrium Price

The price level where the amount of products provided matches the amount of products customers want to buy.

Equilibrium Price

The price at which the quantity of a product offered for sale matches the quantity that buyers are willing to buy, leading to a stable market condition.

Price Floor

A government- or group-imposed limit on how low a price can be charged for a product, above the equilibrium price, leading to surpluses.

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