Examlex
Combine the complex numbers.
Cash Equivalent
Assets that are easily convertible into cash with little to no risk of change in value.
Price Ceiling
A legal maximum price that can be charged for a particular good or service to prevent prices from becoming too high.
Implicit Tax
A non-legislative effect that decreases the benefits of certain financial choices because of opportunity costs or market adjustments.
Market Equilibrium
The price at which quantity supplied equals quantity demanded.
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