Examlex
How does the multi-screen environment change the marketing funnel?
Price Floor
A government- or authority-imposed minimum price set above the equilibrium price, preventing sellers from trading at lower prices.
Surplus
An excess of something, often used in economic contexts to describe a situation in which supply exceeds demand.
Shortage
A situation where the demand for a product exceeds its supply at the current price, leading to a scarcity of the product in the market.
Supply Shift
A change in the quantity of a product or service that producers are willing and able to sell at all possible prices in the market.
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