Examlex
In the circular-flow diagram,which of the following is not a factor of production?
Equilibrium Price
The price point in the market at which the amount of goods being offered is equal to the amount of goods being sought.
Quantity Supplied
The volume of a commodity or service that sellers are ready and capable of providing at a specific price within a given period.
Surplus
An excess of production or supply over demand, often resulting in lower prices.
Cutting
The act or process of reducing something in size, amount, or extent.
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