Examlex
Which of the following was not a contributing cause of the Black Death?
Market Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Normal Profit
The level of profit that is just sufficient to keep an entrepreneur in business, equaling total revenues minus explicit and implicit costs.
Price System
An economic mechanism wherein prices are determined by the interaction of supply and demand, guiding the allocation of resources and distribution of goods and services.
Scarce Goods
Items that are limited in availability relative to the desires or needs of consumers.
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