Examlex
The self-righting principle assumes that truth will win out over untruth in a free and responsible society.
Quantity Demanded
The cumulative total of a good or service that customers intend and can afford to buy at a set price level.
Quantity Supplied
The total amount of a product that producers are willing and able to sell at a given price in a given time period.
Surplus
An economic situation where the quantity of goods supplied is greater than the quantity demanded.
Shortage
A situation in an economy where the demand for a product or service exceeds the supply available at a specific price.
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