Examlex
A transportation problem with 3 sources and 4 destinations will have 7 variables in the objective function.
Excess Demand
A situation where the demand for a product or service exceeds its supply in a market.
Price
The amount of money that must be paid to acquire a given product or service.
Quantity Demanded
The amount of a product that buyers are willing and able to purchase at a given price.
Excess Supply
The situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.
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