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How has information technology and computing become indispensable for genomics?
Equilibrium Quantity
At the market equilibrium price, the amount of goods or services offered matches the amount requested.
Supply Falls
A condition in which the quantity of a product or service available in the market decreases, potentially leading to higher prices.
Surplus
The condition that occurs when supply exceeds demand, often resulting in a decrease in prices.
Shortage
A situation where the demand for a good or service exceeds its supply in a market.
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