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A DBMS Can Be Used for Insertion and Retrieval of the Data

question 52

True/False

A DBMS can be used for insertion and retrieval of the data in the database.


Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers from price gouging.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, resulting in market equilibrium.

Market-Determined Price

A price outcome established through the interaction of supply and demand, without external controls.

Binding Price Ceiling

A maximum legal price set below the equilibrium price, leading to shortages as demand exceeds supply.

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