Examlex
If the demand and supply curves are described by the following equations P = a - bQ and P = c + dQ, respectively, the equilibrium price is P* = (ad + bc) / (b + d).
Feedback Loops
Mechanisms through which a system's output is fed back into the input, commonly used in biological and technical systems to maintain homeostasis or control.
Present
The period of time that is currently occurring, in contrast to the past or future.
Past
The period of time that has already occurred, in contrast with the present and the future.
Future
Pertains to the time or a period that is to come which is beyond the present moment.
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