Examlex
The first step of stakeholder mapping process involves:
Quantity Demanded
The overall quantity of a product or service that buyers are ready to buy at a specific price.
Quantity Supplied
How much of a product or service that sellers are willing and able to transact at a given price level.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded; it is the price that clears the market.
Surplus
A surplus refers to the amount by which the quantity supplied of a product or service exceeds the quantity demanded, often resulting in a decrease in prices.
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