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Equilibrium Quantity
The quantity of goods or services supplied that is exactly equal to the quantity demanded at the market price.
Supply Increases
A situation where the quantity of a good or service that producers are willing and able to sell at a specific price rises.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in market stability.
Demand Decrease
A downward shift in the demand curve for a product, indicating that consumers now desire less of it at every price.
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