Examlex
The product of is:
Scarce Resources
Resources that are limited in supply and available in less quantity than the demand in an economy, necessitating allocation choices.
Quantities Demanded
The total amount of a good or service that consumers are willing to buy at a given price over a specified period.
$5.00
A monetary value equivalent to five dollars.
Equilibrium Price
The price in the market where the amount of goods being offered matches the amount of goods people want to buy.
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