Examlex
A technological advance in the production of digital video recorders will cause them to become less expensive.
Price Rationing
The allocation of goods among consumers using prices, where the goods go to those willing to pay the highest price, often used when demand exceeds supply.
Able
Generally refers to having the capacity, skill, or qualifications to perform an action or task.
Pay
The compensation received by an employee from an employer in exchange for work performed, typically provided as wages or salary.
Price Ceiling
A legally enforced upper limit on the price that can be asked for a product or service, beyond which it is not permissible to go.
Q13: A dividend is<br>A) a promissory note issued
Q32: The government imposes a price ceiling on
Q77: Consumer sovereignty<br>A) is dependent on profits.<br>B) is
Q96: If Congress increases government spending, it is
Q108: Refer to Figure 2.5. For this economy
Q135: According to Figure 2.4, an increase in
Q182: The "law of demand" implies that<br>A) as
Q190: In a _, the amount of output
Q206: Related to the Economics in Practice on
Q266: Related to the Economics in Practice on