Examlex
Habeas corpus is a criminal process in which the defendant asks the court for a writ on grounds that he or she is being unlawfully detained.
Shortage
A market condition where the demand for a product exceeds the supply at a given price, often leading to higher prices.
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.
Equilibrium Price
The market price at which the supply of an item matches its demand, leading to a stable market where there is no surplus or shortage.
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