Examlex
The price index is 270 in one year and 300 in the next.What is the inflation rate?
Price
The total money amount demanded for the purchase of a service or good.
Product
An item offered for sale which can be a good, a service, or an idea.
Supply
The total quantity of a good or service that is available for purchase at various price levels in a given market.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price level, at a given point in time.
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