Examlex
Structural stability is more important than structural flexibility.
Technology Used
Refers to the tools, machines, and techniques utilized to solve problems or improve conditions in various fields.
Equilibrium Price
Equilibrium price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a balanced market.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand equals supply.
Decrease in Price
A reduction in the cost at which goods or services are sold, often leading to increased demand.
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