Examlex
Which of the following methods is used to close an activity?
Equilibrium Price
The rate at which the amount of products offered matches the amount of products consumers want.
Unregulated Market
A market where the government does not impose price controls, quotas, or other restrictions on the forces of supply and demand.
Deadweight Loss
The diminished economic effectiveness arising from a failure to achieve or the inability to achieve equilibrium for a product or service.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers.
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