Examlex
An environmental impact statement should reveal the effect of a planned development on property values.
Demand Curve
A diagram illustrating how the price of a product correlates with the amount of that product buyers are prepared and can afford to buy at different price levels.
Inverse Relationship
A situation in which two variables move in opposite directions, meaning that as one variable increases, the other decreases, and vice versa.
Quantity Rises
An increase in the amount or number of a particular good or service that is available or produced.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, commodity, or service.
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