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Average cost of production is
Demand Decreases
A reduction in the quantity of a good that consumers are willing and able to buy at each possible price.
Equilibrium Quantity
The amount of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.
Demand Increases
A situation in which the quantity of a product or service that consumers are willing and able to buy at a specific price rises.
Price Restrictions
Regulations or limits placed on the price level for goods and services, often by a government to control inflation or protect consumers.
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