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When considering a potential spouse, someone from an individualistic culture such as the United States would likely ask:
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price; often leads to price reductions.
Shortage
A situation in which demand for a good or service exceeds the supply available at a specific price. This can lead to long lines, increased prices, or both.
Demand Schedule
A table that lists the quantity of a good a consumer will purchase at various prices in a market.
Supply Schedule
A table that shows the relationship between the price of a good and the quantity supplied.
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