Examlex
In a three-asset portfolio, the standard deviation of the portfolio is one-third of the square root of the sum of the individual standard deviations.
Price Ceiling
A legal maximum price that can be charged for a good or service, above which it cannot rise, often set by government.
Shortage
A market condition in which the demand for a product exceeds its supply at a particular price.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to buy.
Living Wage
A wage level that is high enough to maintain a normal standard of living.
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