Examlex
Which of the following tools is used to compare the income per capita across countries?
Demand Falls
Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.
Supply Stays
A term that is not typically used in economic contexts; thus, it might not be a real key-term. NO.
Price Ceiling
A legally established maximum price a seller can charge for a product or service to prevent market prices from rising too high.
Equilibrium Price
The equilibrium price is the price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.
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