Examlex
The star named Sheat is of M2 II spectral type and luminosity class. Based on this information, which of the following are true?
Equilibrium Price
The market price at which the quantity of goods demanded equals the quantity of goods supplied, leading to a stable market condition.
Quantity Demanded
The total amount of a good or service consumers are willing and able to purchase at a given price.
Quantity Supplied
Quantity supplied refers to the amount of a good or service that producers are willing and able to sell at a given price over a specific period.
Rationing Gasoline
Rationing gasoline is a control measure where the government limits the amount of gasoline that consumers can purchase, usually in response to supply shortages.
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