Examlex
Which of the following best explains the increase in trading activity in recent years?
Price Ceiling
A legal maximum price set by the government for certain goods or services, aimed at preventing prices from rising too high.
Shortage/Surplus
Economic conditions where the quantity demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus) at the current price.
Quantity Demanded
The total amount of goods or services that consumers are willing and able to purchase at a given price within a certain period.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price.
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