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When increased demand for urban services combines with a shrinking tax base (where businesses and affluent people move out to the suburbs and beyond) ,central cities around the country struggle with
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market equilibrium.
Surplus
The situation in which the quantity supplied of a good exceeds the quantity demanded at a given price.
Quantity Demanded
The overall quantity of a product or service that buyers are ready to buy at a specific price.
Quantity Supplied
How much of a product or service that sellers are willing and able to transact at a given price level.
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