Examlex
If the quantity effect outweighs the price effect of a price increase, then demand is:
Price Floor
A government-imposed minimum price charged for a commodity, intended to ensure fair conditions for producers.
Equilibrium Price
Equilibrium price refers to the price point in the market where the amount of goods provided matches the amount of goods consumers want to buy.
Rent Control
Government-imposed limits on the amount landlords can charge for leasing residential properties, intended to make housing affordable.
Short Run
A period in economics during which at least one factor of production is fixed, limiting the ability of a business to adjust fully to market changes.
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