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Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.
Demand Falls
A situation where there is a decrease in the quantity of a product or service that consumers are willing and able to purchase at a given price.
Equilibrium Quantity
At the market equilibrium price, the amount of goods or services offered matches the amount requested.
Supply Falls
A condition in which the quantity of a product or service available in the market decreases, potentially leading to higher prices.
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