The bottom hole in the figure above shows a(n) ____.
Definitions:
Cycling
The activity of riding bicycles, either as a sport, a method of transportation, or a leisure activity.
Supply and Demand
The fundamental economic model that describes how prices are determined in a market based on the available quantity of goods or services and the desire for them.
Equilibrium Price
The price at which the supply of an item matches its demand, ensuring that the market is in balance.
Excess Supply
A situation where the quantity of a good or service supplied surpasses the quantity demanded at a specific price.
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