Examlex
The best way to pay off credit is to follow the minimum payment amount stated on your bill.
Maintenance
The upkeep and repair of machinery, equipment, and buildings to ensure their optimum working condition.
Shortage
A market condition occurring when the demand for a product or service exceeds the supply available at a specific price.
Equilibrium Level
The state of balance where demand equals supply in a market, resulting in an optimal distribution of resources without excess supply or demand.
Price Ceiling
A maximum legal price above which a product cannot be sold; to have an impact, a price ceiling must be set below the equilibrium price.
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