Examlex
What type of sentences is defined by a statutory requirement that states the penalty to be set for all cases of a specific offense?
Equilibrium Price
The price at which the number of products that businesses are willing to supply equals the amount of products that consumers are willing to buy at a specific point in time.
Supply
The number of products—goods and services—that businesses are willing to sell at different prices at a specific time.
Demand
The number of goods and services that consumers are willing to buy at different prices at a specific time.
Profits
The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
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