Examlex
Which of the following seas currently has back-arc spreading?
Demand and Supply
Economic model that determines the price of a good in a market, based on the desire and availability of the good.
Law of Demand
The Law of Demand states that, all else being equal, as the price of a good increases, the demand for that good decreases, and conversely, as the price decreases, demand for the good increases.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers from excessive costs.
Economic Effects
The consequences of a particular policy or economic event on the welfare of the economy.
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