Examlex
Pasteurized beer in either cans or bottles can be stored in a cool, dark room at 50 ºF to 70 ºF (10 ºC to 21 ºC) because it does not require refrigeration.
Congestion Fee
A congestion fee is a charge imposed on users of a crowded public goods, such as city roads or public transit systems, intended to reduce traffic congestion and improve air quality.
Internalize Costs
The process of ensuring that businesses or individuals take into account the external costs they impose on society in their decision-making.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a balance of the market.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the equilibrium price.
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