Examlex
Give the appropriate values of n and ℓ for the orbital designation 3p.
OPEC
The Organization of Petroleum Exporting Countries, an intergovernmental organization of oil-producing countries that aims to manage the supply of oil to stabilize prices and ensure steady earnings.
Price Ceiling
A government-imposed maximum price that can be charged for a good or service, intended to protect consumers from high prices.
Market Demand
The aggregate of a good or service that each consumer in a market is eager and qualified to purchase at differing prices.
Binding
A situation where a restriction, such as a price ceiling or floor, actually affects the market outcome because it is set above or below the equilibrium price.
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