Examlex
Which of the below is considered the output in the systems thinking example of a TPS?
Equilibrium Price
The market price at which the quantity of a good supplied is equal to the quantity demanded.
Equilibrium Quantity
The measure of goods or services being supplied and demanded at a price point where equilibrium occurs.
Price Of Steel
The cost or market rate at which steel is bought or sold, influenced by demand, supply, production costs, and global market trends.
Price Of Gasoline
The cost per unit volume of gasoline, which can vary depending on factors such as oil prices, taxes, and demand.
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