Examlex
Compared with a categorical system, a dimensional approach to classification
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance each other.
Supply Decrease
A situation in economics where the amount of a certain good or service that producers are willing to provide at a specific price level reduces.
Demand Decrease
A reduction in the quantity of a good or service that consumers are willing and able to purchase at various prices.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a certain price over a specific period.
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