Examlex
April has been working at Summer's Café for 10 years and has many regulars who wait for her to serve them because she's so effective.April is experiencing:
Initial Equilibrium
The initial state of balance where the supply and demand curves intersect, determining the market price and quantity before any external changes.
Equilibrium Price
The market price at which the quantity of goods demanded is equal to the quantity of goods supplied.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the market equilibrium price.
Exert Pressure
Applying force or influence to achieve a specific outcome or change.
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