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Surplus
The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.
Equilibrium Level
The state of balance where market forces such as supply and demand are equal, often used in the context of prices and quantities in markets.
Equilibrium
Equilibrium is the state in an economy or market where supply equals demand, resulting in stable prices.
Surplus
The situation in which the quantity of a product supplied exceeds the quantity demanded at a given price; excess supply.
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