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Excess Supply
A market condition where the quantity of a good or service offered for sale by producers exceeds the quantity demanded by consumers, typically leading to a drop in prices.
Excess Demand
A market condition where the quantity demanded of a good or service exceeds the quantity supplied at a given price, leading to shortages.
Good Increases
Refers to a situation where the quantity or quality of goods available in a market or economy grows.
Excess Demand
Occurs when the quantity demanded of a product significantly exceeds its quantity supplied, often leading to a shortage.
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