Examlex
Symbolize the following statement. All pentagons have five sides.
Excess Supply
A situation where the quantity of a good or service offered for sale by producers exceeds the quantity demanded by consumers at the current price.
Quantity Supplied
The amount of a product that producers are willing and able to sell at a given price over a specified period of time.
Quantity Demanded
The amount of a product that consumers are willing and able to purchase at a given price at a specific time.
Excess Demand
A situation where the quantity demanded of a product or service exceeds the quantity supplied at a given price.
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