Examlex
Which is an example of a member of phylum Zygomycota?
Equilibrium
A state of balance in a market or system where opposing forces cancel each other out and no changes occur over time.
Price Floor
A government- or body-imposed price control or limit on how low a price can be charged for a product.
Surplus
The situation in which the quantity supplied of a product exceeds the quantity demanded at the current price.
Law of Supply
A fundamental principle of economics that states that, all else equal, an increase in price results in an increase in the quantity supplied, and vice versa.
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