Examlex
Studying the changes in densities of pocket gophers when large herbivores such as elk are excluded from mountain forests would be an example of studying ecology at which level?
Equilibrium Price
The price point in the market at which the supply of goods matches the demand for those goods.
Price Floor
A government-set minimum price for goods or services, above the market equilibrium price, aimed at preventing prices from falling too low.
Price Controls
Government-imposed limits on prices charged for goods and services to manage economy.
Deadweight Loss
A reduction in economic effectiveness that happens when a good or service does not reach or cannot reach its equilibrium.
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