Examlex
What has research about conflict established?
Equilibrium Price
The market price where the quantity of goods supplied is equal to the quantity of goods demanded, leading to market balance.
Equilibrium Quantity
The quantity of goods or services bought and sold at the equilibrium price in a market.
Market
A place or arena where buyers and sellers meet to exchange goods, services, or information, often determining the prices through the forces of supply and demand.
Sellers
Individuals or entities that offer goods or services for sale.
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