Examlex
Explain how the prices of goods and services used in the CPI differ from the prices used in the PPI.
Supply
The total quantity of a good or service that market participants are willing and able to sell at a given price over a specific time period.
Demand
The quantity of a good or service that consumers are willing to buy at a given price over a specified period.
Deadweight Loss
A loss in economic efficiency that occurs when the optimal quantity of a good is not produced, often due to market distortions.
Daily Demand
The total amount of a good or service that consumers are willing and able to purchase at a particular price in a single day.
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