Examlex
The sentence You must submit your application by Friday is a more effective business message than Please submit your application by Friday.
Demand Curve
A graph depicting the relationship between the price of a good and the quantity demanded by consumers at those prices.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable by holding other influencing factors constant.
Equilibrium Price
The market price at which the supply of an item equals the demand for the same item.
Supply Shifts
Changes in the quantity supplied of a good or service resulting from factors other than its price, such as manufacturing advancements or input costs.
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