Examlex
One principle of rapid instructional design (RID) that is retained from the traditional instruction design model is that the development of instructional content and process must be in close coordination.
Demand Decrease
A downward shift in the demand curve for a product, indicating that consumers now desire less of it at every price.
Supply Increase
A rise in the quantity of a product or service that is available for purchase, which can affect market prices and demand levels.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.
Surplus
An excess amount of something, often referring to goods, services, or resources that exceed what is needed or used.
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