Examlex
Suppose that you were trying to determine how much income was available for future monetary needs as well as for investments.Which of the following ratios would you most likely use?
Surplus
A surplus of goods or services available compared to the demand, typically resulting in lower prices.
Price Ceiling
A legal maximum price set by the government for goods and services, intended to prevent prices from rising above a certain level.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product in demand, leading to market stability where there is no shortage or surplus.
Temporary Surplus
A situation where the supply of a product exceeds its demand for a short period, often leading to price reductions.
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