Examlex
One of your coworkers does acceptable work in terms of production quantity and quality,but he refuses to work late.He is probably not considered a good organizational ____________________.
Excess Demand
A situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, often leading to shortages.
Price Floor
A government or regulatory minimum price set above the equilibrium price, intended to protect producers.
Surplus
An excess amount of a product or resource relative to demand, often leading to lower prices or stockpiling.
Equilibrium Price
Equilibrium price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in the market.
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