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Equilibrium Quantity
The amount of goods or services supplied in a market that is exactly equal to the quantity demanded at the equilibrium price.
Rationing Device
A method used to distribute scarce resources, goods, or services among people.
Supply Shifts
Movements of the supply curve to the right or left, indicating a change in the quantity supplied at each price point, due to factors other than the price of the good itself.
Equilibrium Quantity
The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market equilibrium price.
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