Examlex
All of the following except are included in the proposed research agenda for the future of OD.
Demand Decrease
A situation where there is a reduction in the quantity of a good or service that consumers are willing and able to purchase at any given price.
Equilibrium
A condition or state in which economic forces are balanced, such as the point where supply equals demand.
Market Clear
A situation in which the market reaches a state where quantity supplied equals quantity demanded, leaving no surplus or shortage.
Surplus
An excess of income or assets over expenditure or liabilities in a given period, typically a fiscal year, leading to available resources beyond what is required.
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