________ Refers to the Number of Instances of Entity B

question 3

Short Answer

________ refers to the number of instances of entity B that can (or must)be associated with each instance of entity A.

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Definitions:

Excess Demand

A market condition where the quantity demanded of a good or service exceeds its quantity supplied at a given price.

Equilibrium Price

The cost in the market at which the supply and demand for goods are balanced.

Invisible Hand Principle

An economic theory proposed by Adam Smith, suggesting that individuals' pursuit of self-interest in free markets leads to economic prosperity and efficiency as if guided by an invisible hand.

Market Prices

The current value at which goods and services are bought and sold in the market, determined by supply and demand forces.