Examlex
Which of the following has been viewed as evidence of an error-correction mechanism in the brain?
Price Floor
A government- or body-imposed price control or limit on how low a price can be charged for a product.
Surplus
The situation in which the quantity supplied of a product exceeds the quantity demanded at the current price.
Law of Supply
A fundamental principle of economics that states that, all else equal, an increase in price results in an increase in the quantity supplied, and vice versa.
Law of Demand
States that, all else being equal, as the price of a product decreases, the quantity demanded of the product will increase, and vice versa.
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