Examlex
What is the first step in designing and building a database?
Price Ceiling
A price ceiling is a government-imposed limit on the price charged for a product or service, intended to prevent prices from rising above a certain level.
Government
The organized body responsible for overseeing the political administration and governance of a state or nation.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period.
Binding
A situation, typically in the context of contracts or agreements, where parties are legally obligated to adhere to the terms set forth.
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