Examlex
Which of the following is NOT a measure of central tendency?
Supply Pizza
Represents the total quantities of pizza that sellers are willing and able to provide at various prices within a given market.
Excess Supply
Excess supply, also known as surplus, occurs when the quantity of a good or service offered for sale exceeds the quantity demanded at the current price.
Market Equilibrium
The condition in which the quantity of a good supplied is equal to the quantity demanded, resulting in no economic pressure to change the price or quantity.
Unregulated Market
A market where there is no governmental control or interference in the transactions between buyers and sellers.
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