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Megan thought it strange that although her bathing suit covered much less skin than did her underwear, she felt comfortable wearing her bathing suit in public at the beach, but she would never think of walking around the beach in her underwear. This is an example of the power of how modify(s) expectations and behaviour.
Shortage
A market condition where the demand for a good or service exceeds its supply at a particular price.
Bags Per Month
A measurement of quantity, often used to describe the production or consumption rate of bags within a monthly period.
Market Equilibrium
occurs in a market when the quantity supplied equals the quantity demanded, typically represented by the intersection of supply and demand curves.
Surplus
An excess of production or supply over demand, often resulting in a decrease in prices.
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