Examlex
The left brain processes information in a step-by-step fashion.
Shortages
A situation where the demand for a product exceeds its supply at a particular price, often leading to increased prices.
Price Floor
Price floor is a government or regulatory imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.
Surplus Of Corn
A surplus of corn signifies a situation in which the supply of corn exceeds the demand, potentially leading to lower market prices and stockpiling.
Black Market
An illegal trade of goods or services not sanctioned by official regulations or subjected to governmental taxes.
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