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The worldwide recession in 2007 started from
Surplus
A situation where the quantity supplied of a good exceeds the quantity demanded at the current price, often leading to a decrease in prices.
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a given price over a specific period of time.
Quantity Supplied
The total amount of a product that producers are willing and able to sell at a given price over a specified period.
Equilibrium Price
The price at which the quantity of a good or service offered by suppliers equals the quantity demanded by consumers.
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