Examlex
Most carbon dioxide is transported in the blood in the form of bicarbonate.
Demand Equation
A mathematical formula that describes the relationship between the quantity of a good demanded and its price, along with other factors affecting demand.
Supply Equation
A mathematical expression that shows the relationship between the quantity of a good that producers are willing to sell and factors that influence this quantity, such as price.
Price Floor
A government or group-imposed price control that sets the lowest legal price a commodity can be sold at. It is used to ensure producers receive a minimum price often in agriculture.
Shortage/Surplus
Shortage occurs when demand exceeds supply, while surplus occurs when supply exceeds demand.
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