Examlex
The notation 12:2 indicates which of the following about a fatty acid?
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good varies as production increases.
Industry Supply
The total amount of a product or service that all producers in a market are willing and able to sell at a given price.
Price Floor
A government-imposed limit on how low a price can be charged, usually above the equilibrium price, which can prevent the market from clearing.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or resource, usually intended to protect consumers from prices deemed excessively high.
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