Examlex
Light is said to have a dual nature,meaning it can be thought of in two different ways.These two ways are _________.
Surplus
An excess amount of a product or resource relative to demand, often leading to lower prices or stockpiling.
Equilibrium Price
Equilibrium price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Price Ceiling
A legal maximum price that can be charged for a good or service, typically set by the government to ensure affordability.
Price Floor
A government or regulatory-imposed minimum price for a good or service, intended to prevent prices from falling below a certain level.
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