Examlex
What type of effect describes the competitive side effects of the commitment that alter the tactical decisions of rivals and,ultimately,the market equilibrium?
Surplus
The situation in which the quantity of a product supplied exceeds the quantity demanded at a given price; excess supply.
Equilibrium Price
The market price at which the quantity of a good supplied is equal to the quantity demanded.
Bushels Demanded
The quantity of a commodity, measured in bushels, that consumers are willing to purchase at a given price.
Bushels Supplied
A measurement reflecting the quantity of a commodity, like grain, provided for sale at a given time.
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