Examlex
Solve the problem.
-The following is a list of heights, in inches, of six people:
What is the median height?
Surplus
An excess of production or supply over demand, often leading to lower prices.
Shortage
A market condition where the demand for a good or service exceeds its supply at a particular price.
Bags Per Month
A measurement of quantity, often used to describe the production or consumption rate of bags within a monthly period.
Market Equilibrium
occurs in a market when the quantity supplied equals the quantity demanded, typically represented by the intersection of supply and demand curves.
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