Examlex
Which of the following is a major drawback of dams?
Demand Price
The highest price that consumers are willing to pay for a good or service at a given quantity.
Supply Price
The lowest price at which a seller is willing to sell a good or service, influenced by costs of production and market demand.
Quota Rent
The earnings exceeding normal profits received by license holders when import quotas are in place.
Demand Price
The price of a good or service dictated by the desire and ability of consumers to purchase it at certain price levels.
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