Examlex
The Intergovernmental Panel on Climate Change (IPCC) in 2014 estimated that Earth's average surface temperature would likely rise by how much above preindustrial levels by 2050?
Quantity Supplied
The cumulative volume of a specific good or service that suppliers are enthusiastic and able to sell at a given price within a set timeframe.
Price Floor
A government- or authority-set minimum price for certain goods or services, aimed at preventing prices from falling below a certain level.
Black Markets
Illegal trading of goods and services that occurs outside the official channels sanctioned by authorities.
Price Ceilings
An imposed limit on the price charged for a product or service, often set by government regulation to protect consumers from excessively high prices.
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