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Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.
Equilibrium Quantity
The amount of products or services that are provided and requested at the balance price.
Flooding
The overflowing of water beyond its normal confines, typically over what is normally dry land.
Quantity Supplied
The total supply of a good or service that producers are prepared to sell at a designated price over a fixed timeframe.
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