Examlex
The WTO has been referred to as the World Congress of Trade.
Supply
The total amount of a specific good or service that is available to consumers at a particular price over a given period.
Equilibrium Price
The price at which the quantity of a good supplied equals the quantity of the good demanded.
Equilibrium Quantity
The quantity of goods supplied is equal to the quantity of goods demanded at the market price.
Demand Shifts
Changes in the demand curve due to factors other than the price of the good, such as changes in income, tastes, or prices of related goods.
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