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Mail- order,phone,and online shopping are all examples of _.
Equilibrium Quantity
The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in a balance between production and consumption.
Equilibrium Quantity
The volume of commodities or services provided that coincides with the volume requested at the price of market balance.
Normal Good
A normal good is one whose demand increases when consumers' incomes increase and falls when incomes decrease, all else being equal.
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