Examlex
Which of these is not one of the needs identified in Maslow's hierarchy of need?
Equilibrium Price
The price point at which the quantity of goods demanded equals the quantity of goods supplied, without any external intervention.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.
Price Gouging
Price gouging occurs when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair, often during a demand spike caused by a crisis.
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service, typically above the equilibrium market price to maintain a fair or sustainable market condition.
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