Examlex
An antecedent is
Increase in Supply
A situation where the quantity of a good or service that producers are willing to supply at a given price rises.
Increase in Demand
A situation where consumers are willing and able to purchase more of a good or service at each possible price, often depicted by a rightward shift in the demand curve.
Decrease
A reduction in size, number, value, or extent.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.
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