Examlex
Discuss the advantages of computer-aided dispatch (CAD) systems, including enhanced CAD.
Excess Demand
A situation where the quantity demanded of a good or service exceeds the quantity supplied at the current price.
Shortage
A situation in a market where the demand for a product exceeds the supply, resulting in a lack of enough goods to satisfy consumer demand.
Surplus
Occurs when the quantity of a good or service supplied exceeds the quantity demanded, often resulting in a decrease in price.
Sellers
Individuals or entities that provide goods or services in exchange for payment, playing a critical role in the dynamics of supply and market operations.
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