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Our team has been working on a difficult problem for the past week. As the team leader, I sense that the group has a pretty good idea of the issues surrounding the problem. I share with them that I know they can solve it and I encourage them to keep thinking about good solutions. I am using primarily which adaptive leadership behavior?
Excess Demand
A situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, often leading to shortages.
Price Floor
A government or regulatory minimum price set above the equilibrium price, intended to protect producers.
Surplus
An excess amount of a product or resource relative to demand, often leading to lower prices or stockpiling.
Equilibrium Price
Equilibrium price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in the market.
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