Examlex
Compare and contrast the ideas of "strong state," "weak state," and "failed state." Please include in your answer examples of states that fall within each one of these three categories.
Excess Demand
An instance where the market's need for a service or product surpasses the available supply.
Equilibrium Price
The price in the market where the amount of products provided matches the amount of products wanted.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period of time.
Supply
The overall quantity of a product or service accessible to buyers.
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