Examlex
Solve the system by elimination.
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Equilibrium Price
The market price at which the quantity of goods demanded is equal to the quantity of goods supplied.
Equilibrium Quantity
The quantity of goods or services supplied that is equal to the quantity demanded at the market equilibrium price.
Exert Pressure
Applying force or influence to achieve a specific outcome or change.
Old Price
Refers to the price level of a good or service in the past, before any adjustments like inflation, discounts, or changes in market conditions.
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