Examlex
What are the defining characteristics of legally recognized "Indians" or "status Indians"?
Surplus
The situation in which the quantity supplied of a good exceeds the quantity demanded, often due to a price being set above the equilibrium level.
Shortage
A market condition where the demand for a product exceeds its supply, often leading to price increases.
Equilibrium Quantity
The amount of products or services available that matches the amount desired at the market's equilibrium price.
Equilibrium Price
The price at which the quantity of a good or service supplied equals the quantity demanded in a market.
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