Examlex
A new technology is developed that makes mining for gold less costly. The result is _____ equilibrium price and _____ equilibrium quantity of gold.
Supply
The total amount of a product or service available for purchase at any given time.
Statute Of Frauds
A rule of law that mandates specific kinds of agreements must be documented and signed to have legal force.
Oral Agreement
A verbal contract between parties where terms are agreed upon through spoken communication rather than in writing.
UCC
The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.
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