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Equilibrium
A state in a market where supply equals demand, and there are no external forces prompting further change, leading to a stable price and quantity.
Quantity Demanded
The entirety of a good or service's amount that patrons are equipped and desirous to buy at a specified price rate.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price in a specific period.
Rent Controls
Rent controls are government policies that limit the amount landlords can charge for leasing apartments or houses, aimed at making housing more affordable for renters.
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