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Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Quantity Demanded
The amount of a product that consumers are willing and able to purchase at a given price over a specified period.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
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