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Give Meanings for the Following Suffixes

question 68

Short Answer

Give meanings for the following suffixes.
--emia: __________


Definitions:

Equilibrium Price

A pricing point in the market where the volume of goods on offer is equal to the volume of goods sought after.

Shortage of Strawberries

A situation where the demand for strawberries exceeds the supply available in the market, often leading to increased prices and unmet consumer demand.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar enough to be considered substitutes.

Shortage

A market condition where the demand for a product exceeds the supply of that product, often leading to higher prices.

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