Examlex
The following is true about the problem-solving approach to resolving conflict:
Price
The financial contribution expected, compelled, or made in payment for something.
Tariff
A tax imposed by a government on goods and services imported from other countries, used to control trade volumes.
Decrease in Supply
This occurs when there is a reduction in the quantity of a good or service that producers are willing and able to supply at all possible prices.
Increase in Price
A situation where the cost of a product or service rises over a period of time.
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