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In the context of fixed-quantity systems,__________is defined as the on-hand quantity (OH) plus any orders placed but which have not arrived minus any backorders (BO) .
Equilibrium Price
The market price at which the quantity of a good supplied equals the quantity demanded.
Demand And Supply Diagram
A graphical representation used in economics to show the relationship between the price of a good and the quantity demanded and supplied at that price.
Health Care Consumed
The total amount of health services and goods utilized by individuals or a population.
Copayment
The percentage of (say, health care) costs that an insured individual pays while the insurer pays the remainder.
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