Examlex
Which of the following will assign a random number in the range of 1 through 50 to the variable number?
Surplus
The situation in which the quantity supplied of a product exceeds the quantity demanded at the current price.
Law of Supply
A fundamental principle of economics that states that, all else equal, an increase in price results in an increase in the quantity supplied, and vice versa.
Law of Demand
States that, all else being equal, as the price of a product decreases, the quantity demanded of the product will increase, and vice versa.
Rent Controls
Government-imposed limits on the amount landlords can charge for renting out a property, intended to make housing more affordable.
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