Examlex
Determine the chemical formula for the compound,tetracarbonylplatinum(IV) chloride.
Shortage
A condition in which the amount of a good offered for sale by producers is less than the amount demanded by buyers at the existing price. An increase in price would eliminate the shortage.
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.
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