Examlex
Explain what synchronous rotation is.What is it caused by? Give an example.
Product Shortage
A situation where the demand for a product exceeds its supply in the market.
Legal Ceiling Price
A maximum price set by government regulation that sellers are allowed to charge for a good or service, intended to protect consumers from excessive pricing.
Equilibrium Price
The rate at which the amount of a product supplied matches the amount of the product demanded.
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 stable market condition.
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