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What challenges did Reza Shah Pahlavi face as he attempted to reform Persia?
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in market balance.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a specific period.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specified period.
Commodity
A basic good used in commerce that is interchangeable with other goods of the same type.
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