Examlex
The producers of a new television show are certain that their new show will be a success due to the gripping storyline and the star-studded cast.However,they are concerned about exceeding their production budget due to shoots that are set in exotic locations and the high salary that some of the stars are demanding.This cost overrun would be an example of a(n) _____ risk.
Negative Savings
A situation where spending exceeds income, resulting in a deficit rather than savings.
Price Ceiling
A legally established maximum price that can be charged for a good or service, typically set by government.
Shortage
A situation where the demand for a product or service exceeds the available supply at a particular price.
Equilibrium Price
The market price at which the quantity demanded of a good equals the quantity supplied.
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