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Light fixtures may also have other features, such as reflectors for directing the light, an aperture (with or without a lens), an outer shell or housing for lamp alignment and protection, an electrical ballast or power supply, and a shade to diffuse the light or direct it towards a workspace (e.g., a desk lamp).
Device for Connection of Luminaires (DCL) is a European standard for ceiling light fixtures introduced in 2005 and refined in 2009. It uses 6 ampere. DCL must carry the CE marking as per the Low Voltage Directive. DCL is only allowed to be installed with ground. Example of DCL socket.
Equilibrium in perfect competition is the point where market demands will be equal to market supply. A firm's price will be determined at this point. In the short run, equilibrium will be affected by demand. In the long run, both demand and supply of a product will affect the equilibrium in perfect competition.
For example, a cotton farmer cannot immediately (i.e. in the short run) respond to an increase in the price of soybeans because of the time it would take to procure the necessary land. Inventories A producer who has a supply of goods or available storage capacity can quickly increase supply to market. Spare or excess production capacity
Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...
In economics, aggregate supply (AS) or domestic final supply (DFS) is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy. [ 1 ]
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