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According to the trichromatic theory, color vision is the product of opposing pairs of color receptors-red-green, blue-yellow, and black-white, and when one member of a color pair is stimulated, the other member is inhibited.
Excess Demand
A situation where the quantity demanded of a good or service exceeds its quantity supplied at a particular price.
Rent Ceiling
A regulatory limit on the amount of rent a landlord can charge tenants, often imposed by government to keep housing affordable.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded.
Supply Curve
A graph showing the relationship between the price of a good and the amount of the good that suppliers are willing to sell.
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