Examlex
A peer group consists of people who are similar in age, social status, and interests.
Excess Supply
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, leading to surplus.
Sunglasses
Protective eyewear designed to prevent bright sunlight and high-energy visible light from damaging or discomforting the eyes.
Price
The amount of money expected, required, or given in exchange for something else; a fundamental economic concept that represents the value of a good or service.
Excess Demand
A situation in a market where the quantity demanded of a product exceeds the quantity supplied at a given price, leading to upward pressure on prices.
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