Examlex
Which of these political entities was never tried in postcolonial Africa?
Equilibrium
The state of the market when supply and demand are equal, ensuring stable prices.
Equilibrium Quantity
Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded in a market.
Increase in Supply
A situation in which the quantity of a good or service that producers are willing and able to offer for sale rises, holding all else equal.
Increase in Demand
Occurs when more of a good or service is sought by consumers at each and every price, often represented by a rightward shift of the demand curve.
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