Examlex
By 2000, about ____________________ of all Miamians were of Cuban descent.
Shortages
A situation where the demand for a product or service exceeds the supply available at a specific price.
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.
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