Examlex
A car is traveling with a constant speed when the driver suddenly applies the brakes,causing the car to slow down with a constant acceleration of magnitude 3.50 m/s2.If the car comes to a stop in a distance of 30.0 m,what was the car's original speed?
Price Floor
A regulatory measure that sets the lowest legal price for a good or service to prevent market prices from dropping below a specified level, ensuring producers' welfare.
Shortage/Surplus
A shortage occurs when demand exceeds supply, while a surplus happens when supply exceeds demand, both of which can lead to market adjustments.
Demand Equation
A mathematical representation of the relationship between the quantity of a good consumers are willing and able to buy and the good's price.
Supply Equation
An economic formula that represents the relationship between the quantity of a good supplied by producers and the price of the good.
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