Examlex
Which of the following occur(s) when water vapor is added to a dry gas at a constant pressure?
1) The volume occupied by the gas mixture decreases.
2) The relative humidity of the mixture increases.
3) The partial pressure of the original gas is reduced.
Price Ceilings
Regulatory limits on the maximum price that can be charged for a good or service, intended to protect consumers from extreme prices.
Price Floors
Legislation that sets the minimum price that can be charged for goods and services.
Market Equilibrium
A situation in a market where the quantity supplied equals the quantity demanded, often corresponding to an equilibrium price.
Price Ceiling
A maximum limit set by the government on the price of a good or service, intended to protect consumers.
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