Examlex
Write the following number in standard decimal form.
Stable Supply Curve
A situation in which the supply curve remains unchanged over time, indicating that the quantity supplied is not affected by changes in price.
Increasing Demand
A situation where the quantity of a good or service that consumers are willing and able to buy increases, often due to factors like rising incomes, changes in tastes, or lower prices of the product.
Allocative Efficiency
A state of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.
Productive Efficiency
A condition in which an economy or entity is utilizing all its resources efficiently, producing maximum output for a given set of inputs without waste.
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