Examlex
Which of the following are trusted boundaries, by default? (Choose two)
Excess Supply
A situation where the quantity of a good or service supplied in a market exceeds the quantity demanded at the current price.
Quantity Supplied
The amount of a commodity that producers are willing to sell at a particular price over a specified period.
Quantity Demanded
The total amount of a product that consumers are willing and able to purchase at a given price, at a specific time.
Market Equilibrium
A condition in which a market's supply and demand balance each other, and, as a result, prices become stable.
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