Examlex
What anatomy is labeled as letter A in the image below?
Law Of Supply
A principle stating that, all else being equal, an increase in price results in an increase in quantity supplied.
Law Of Demand
The economic principle that, all else equal, an increase in the price of a good will decrease the quantity demanded, and conversely, a decrease in price will increase the quantity demanded.
Quantity
The amount or number of a material or immaterial entity that is measureable.
Equilibrium Price
The selling price where the amount of products offered is equal to the amount of products consumers want to buy.
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