Examlex
Categories of U.S.consumer spending,ranked from largest to smallest,are
Market Outcomes
The results or final state of market processes, including price and quantity determined by supply and demand forces.
Price Floor
A minimum price set by the government or a regulatory body, below which a good or service cannot be sold in the market.
Compact Discs
Optical discs used to store digital data, primarily known for storing music recordings in a digitally encoded format.
Surplus
A condition in which the amount of a good offered for sale by producers is greater than the amount that buyers will purchase at the existing price. A decline in price would eliminate the surplus.
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