Examlex
What type of agriculture do most Africans undertake, which includes crops and a small number of livestock?
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a specific price level.
Equilibrium
A market condition in which the equilibrium of supply and demand leads to price stability.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product in demand, thus balancing supply and demand.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a decrease in price.
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