Examlex
The table shows the number of fiber-optic cable connections to homes in the U.S. from 2000 to 2004 ( represents 2000) . Use technology to obtain the linear regression line, with regression coefficients rounded to two decimal places.
Shortage
A situation in which the demand for a product exceeds the supply available at a specific price.
Lemonade Market
A hypothetical or real market scenario used to illustrate the principles of supply and demand, usually involving the sale of lemonade.
Surplus
An excess of production or supply over demand, often leading to lower prices or wasted resources.
Shortage
In economics, a shortage occurs when the demand for a product or service exceeds its supply at a given price, often leading to increased prices and queuing.
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